Stein Mart (SMRT) Restates Q3 Loss to 7c/Share
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Price: $1.43 +5.93%
Financial Fact:
Selling, general and administrative expenses: 89.03M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Selling, general and administrative expenses: 89.03M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Stein Mart (Nasdaq: SMRT) restates its Q3 loss to $3.1 million, or about 7 cents per share.
On December 8th, the company revised results given on November 17th: "The unrecorded markdowns are estimated to have a pre-tax impact of $2.1 to $2.6 million which will reduce gross margin and inventory from what was reported previously. The after tax impact of the estimated additional markdowns will increase the net loss previously released by $1.3 to $1.6 million or $0.03 to $0.04 per diluted share. "
On December 8th, the company revised results given on November 17th: "The unrecorded markdowns are estimated to have a pre-tax impact of $2.1 to $2.6 million which will reduce gross margin and inventory from what was reported previously. The after tax impact of the estimated additional markdowns will increase the net loss previously released by $1.3 to $1.6 million or $0.03 to $0.04 per diluted share. "
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