Children's Place reports lower Q4 net income, provides outlook for fiscal 2012

The Children's Place Retail Stores, Inc, a retailer of children's apparel, has reported a net income for the fourth quarter ended January 28, 2012 was $24.23 million, or $0.97 per diluted share, compared to $32.15 million or $1.22 per diluted share, for the fourth quarter ended January 29, 2011. The company is projecting that non-GAAP adjusted earnings per diluted share for fiscal 2012 will be between $3.10 and $3.30, assuming positive low-single digit comparable retail sales.