Stage Stores lowers Q1 forecast
Shares of Stage Stores, Inc. (NYSE:SSI) are in the red on news before the start of trading that the department store retailer has lowered its first-quarter earnings forecast. The Houston-based company announced that it expects net income for the three months ended April 7 in the range between $0.05 per share and $0.08 per share, compared with a previous guidance of net income between $0.13 per share and $0.16 per share.
At 2:17 p.m. ET, the stock had declined $1.46, or 9%, to $13.98. For detailed price information and recent news stories about Stage Stores, click SSI.
