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.
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