Carter's 4Q helped by overseas sales, tops Street

Published on NewsOK Modified: February 27, 2013 at 7:50 am •  Published: February 27, 2013
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The company anticipates fiscal 2013 adjusted earnings to be up about 15 percent from 2012's adjusted $2.85 per share. This implies about $3.28 per share.

Revenue is forecast to climb approximately 8 percent to 10 percent from 2012, implying $2.57 billion to $2.62 billion.

Analysts expected earnings of $3.34 per share on revenue of $2.6 billion.

First-quarter adjusted earnings are expected to rise approximately 20 percent from the prior-year period's 56 cents per share. This implies about 67 cents per share. Wall Street expects earnings of 76 cents per share.

Revenue is predicted to increase about 5 percent over the year-ago period's $551.7 million. This implies approximately $580 million.

Its shares fell $1.89, or 3.2 percent, to $57 in premarket trading.

Carter's, based in Atlanta, has more than 600 company-run stores in the U.S., Canada and Japan.