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Stein Mart: Fiscal 4Q Earnings Snapshot

JACKSONVILLE, Fla. (AP) _ Stein Mart Inc. (SMRT) on Wednesday reported fiscal fourth-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier.

The Jacksonville, Florida-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring gains, came to 7 cents per share.

The apparel retailer posted revenue of $344.5 million in the period.

For the year, the company reported that its loss narrowed to $6 million, or 13 cents per share. Revenue was reported as $1.27 billion.

In the final minutes of trading on Wednesday, the company's shares hit $1.21. A year ago, they were trading at 83 cents.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMRT at https://www.zacks.com/ap/SMRT