Publish date:

Thursday's Winners & Losers: Children's Place

The retailer tumbles after cutting guidance and detailing problems with a licensing agreement.
Author:

Updated from 12 p.m. EDT

Several big-name retailers were in the spotlight Thursday after posting second-quarter results, with

Children's Place

(PLCE) - Get Children's Place, Inc. Report

ranking among the big stock losers on the day and others shooting higher.

For the quarter, Children's Place posted a loss of $27.1 million and didn't report per-share results. The children's apparel chain did, however, cut its full-year guidance to $2.25 to $2.40 a share from a prior view of $3.45 to $3.55. Analysts expect a profit of $2.93 a share for the year, according to Thomson Financial.

Children's Place also said it has been unable to meet certain terms of an agreement with

Disney

(DIS) - Get Walt Disney Company Report

, its licensing partner for Disney Stores. Shares slid $5.59, or 16.9%, to $27.43.

On the upside,

Limited Brands

(LTD)

climbed 6.5% after the retailer posted earnings that beat Wall Street's estimate by a penny. The owner of the Victoria's Secret and Bath & Body Works chains said earnings were $80.6 million, or 20 cents a share, excluding several items, for the quarter. Analysts expected EPS of 19 cents.

Limited also said it is comfortable with analysts' estimates for the third and fourth quarters. Shares rose $1.44 to $23.69.

Barnes & Noble

TheStreet Recommends

(BKS) - Get Barnes & Noble, Inc. Report

was higher after the bookseller posted earnings at the high end of its forecast. The company posted earnings of $18.1 million, or 26 cents a share. Excluding certain items, earnings were 12 cents a share, matching analysts' average estimate. The company's own guidance called for earnings of 8 cents to 12 cents a share. The stock rose 90 cents, or 2.6%, to $35.82.

GameStop

(GME) - Get GameStop Corp. Class A Report

climbed 9.3% after the video-game retailer toppled second-quarter estimates and lifted its guidance. GameStop's earnings reached $21.8 million, or 13 cents a share, beating analysts' target of 9 cents. Same-store sales surged 29%, beating the company's projection for 16% to 18% growth.

GameStop now sees full-year earnings of $1.45 to $1.48 a share, up from its prior view of $1.39 to $1.42. Shares closed up $4.03 to $47.45 recently.

Elsewhere,

Home Depot

(HD) - Get Home Depot, Inc. (HD) Report

was down 2.2% after the

Financial Times

reported that the sale of the retailer's supply unit may not be completed. Home Depot has already said it is in talks with HD Supply's private-equity buyers to cut the price of the sale, which had been expected to close Thursday. Shares of Home Depot closed down 75 cents to $34.02.

Outside of retail,

Smithfield Foods

(SFD)

jumped 8.3% after the meat producer's second-quarter results topped analyst estimates. Smithfield's posted earnings from continuing operations of $62 million, or 47 cents a share, on sales of $3.36 billion. Analysts, on average, anticipated earnings of 42 cents a share and sales of $3.25 billion. Shares were up $2.49 to $32.58.