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Stein Mart Inc
SMRT reported a drop in its first-quarter profit.
Stein Mart's quaretrly profit declined to $11.8 million, or $0.27 per share, versus $15.9 million, or $0.35 per share, in the year-earlier period. Its sales came in at $303 million.
Analysts were expecting earnings of $0.30 per share on sales of $303 million.
Stein Mart shares closed at $6.24 yesterday.
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