Stage Stores Inc Q2 Income Declines 88%

(RTTNews) - Stage Stores Inc (SSI) released a profit for second quarter that declined from last year.

The company said its earnings came in at $0.83 million, or $0.03 per share. This was lower than $6.99 million, or $0.22 per share, in last year's second quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.2% to $338.39 million. This was down from $380.92 million last year.

Stage Stores Inc earnings at a glance:

-Earnings (Q2): $0.83 Mln. vs. $6.99 Mln. last year. -Earnings Decline (Y-o-Y): -88.1% -EPS (Q2): $0.03 vs. $0.22 last year. -EPS Decline (Y-o-Y): -86.4% -Analysts Estimate: $0.05 -Revenue (Q2): $338.39 Mln vs. $380.92 Mln last year. -Revenue Change (Y-o-Y): -11.2%

-Guidance: Full year EPS guidance: $0.20 - $0.40