Bon-Ton Stores (BONT) Narrows Loss

Bon-Ton Stores Inc BONT on Thursday morning released financial results that beat Wall Street expectations. Bon-Ton Stores Inc reported that it narrowed its 1st quarter net loss to $23.5 million, or $1.33 per share, from a net loss of $45.4 million, or $2.67 per share, a year earlier. The company's sales rose 2.6% to $661.4 million, up from $644.5 million a year earlier. A poll of analysts conducted by Thomson Reuters, showed an average Wall Street estimate of an expected loss of $1.82 per share. The company forecast full-year earnings of 80 cents to $1.60 per share. Shares of Bon-Ton Stores Inc closed Wednesday trading at $13.90 per share.