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Stage Stores, Inc. (SSI) Reports In-Line Q1 EPS; Lowers FY11 EPS Outlook, Guides Q2

May 19, 2011 6:25 AM
Stage Stores, Inc. (NYSE: SSI) reported Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $346.48 million versus the consensus estimate of $348.14 million.

Sees Q211 EPS of $0.28 - $0.31, versus the consensus of $0.33. Sees Q211 revenue of $355 - $362 million, versus the consensus of $361.40 million.

Lowers FY11 EPS outlook to $1.04 - $1.13, versus prior guidance of $1.07-$1.17 and the consensus of $1.12. Sees FY2011 revenue of $1.512 - $1.535 billion, versus the consensus of $1.53 billion.

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