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Stein Mart earnings lower than expected

2015-05-26 08:04:19| Apparel - Topix.net

Stein Mart Inc. last week reported lower-than-expected first-quarter earnings, in part because of interest expenses related to a special dividend paid to shareholders in February. The Jacksonville-based fashion retailer reported adjusted earnings of 31 cents a share for the first quarter ended May 2, a penny lower than last year's first quarter and 3 cents lower than the average forecast of analysts surveyed by Thomson Financial.

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