The Children’s Place Inc. rose as much as 9.6 percent after the kids’ apparel retailer boosted its profit forecast and speculation that it’s exploring a sale increased.
Profit this year will be $3.30 to $3.45 a share, excluding some items, Secaucus, New Jersey-based Children’s Place said Wednesday in a statement. That’s up from a previous projection of as much as $3.30 and tops the $3.26 average of analysts’ estimates compiled by Bloomberg.
