Carter's: Q3 Earnings Snapshot

Associated Press Finance
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ATLANTA (AP) — ATLANTA (AP) — Carter's Inc. (CRI) on Friday reported third-quarter net income of $66.1 million.

The Atlanta-based company said it had profit of $1.78 per share. Earnings, adjusted for restructuring costs, came to $1.84 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The maker of children's apparel and accessories posted revenue of $791.7 million in the period.

Carter's expects full-year earnings in the range of $5.95 to $6.15 per share, with revenue in the range of $2.95 billion to $2.97 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRI at https://www.zacks.com/ap/CRI

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