UPDATE: Stage Stores Reports Q2 Profit of $10.01M, Issues Forecast

Stage Stores Inc SSI released its results for the second quarter on Thursday. Stage Stores' quarterly profit declined to $10.01 million, or $0.29 per share, from $10.33 million, or $0.27 per share, in the year-ago period. However, analysts were expecting earnings of $0.30 per share. Stage Stores' net sales rose to $352.8 million, from $345 million. Stage Stores projects a Q3 loss of $0.21 to $0.24 per share and a Q4 profit of $1.08 to $1.12 per share. It projects earnings of $1.10 to $1.16 per share for the full year, versus analysts' estimates of $1.13 per share. Stage Stores shares gained 0.56% to close at $16.18 yesterday.