Stage Stores (SSI) Swings To $2.2 Million Profit

Stage Stores Inc SSI released financial results on Thursday morning that beat Wall Street estimates. Stage Stores Inc reported that it swung to a 1st quarter net profit of $2.2 million, or 6 cents per share, from a loss of $0.9 million, or 2 cents per share, a year earlier. The company's revenue rose to $340 million, up from $333.6 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 5 cents per share. The department store retailer said that it expects full-year earnings of 90 cents to $1.00 per share. Shares of Stage Stores Inc closed Wednesday trading at $14.81 per share.