Children’s Place (PLCE) shares surged last week after the company reported strong second-quarter earnings, exceeding expectations. Despite a decline in quarterly sales, the company attributed the positive results to cost-cutting measures and improved profitability. However, the stock is pulling back on Monday, likely due to short-selling activity.
Children’s Place, Inc. (PLCE) stock surged on Wednesday after the company reported a strong second-quarter earnings beat, exceeding analyst expectations despite a slight revenue miss. The company attributed the positive results to cost-cutting measures and improved profitability in both its ecommerce and brick-and-mortar businesses.
