Stein Mart Bottom Line Drops 45% In Q4

(RTTNews) - Stein Mart (SMRT) announced a profit for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $8.02 million, or $0.17 per share. This was down from $14.65 million, or $0.32 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $394.13 million. This was up from $387.00 million last year.

Stein Mart earnings at a glance:

-Earnings (Q4): $8.02 Mln. vs. $14.65 Mln. last year. -Earnings Decline (Y-o-Y): -45.3% -EPS (Q4): $0.17 vs. $0.32 last year. -EPS Decline (Y-o-Y): -46.9% -Analysts Estimate: $0.21 -Revenue (Q4): $394.13 Mln vs. $387.00 Mln last year. -Revenue Change (Y-o-Y): 1.8%