Rochester, NY 8/21/2009 1:16:10 AM
Bon-Ton Stores Inc. BONT - Bon - Ton Improves 2009 forecast, Shares Move Up
Bon-Ton Stores Inc. BONT
Bon-Ton Stores Inc. announced that it has slightly loss on the second quarter, but the department store operator move up its outlook for the year, sending its stock soaring. Its shares jumped 99 cents, or 24 percent, to $5.04 in morning trading. The stock earlier hit a new year high of $5.70. It has ranged from 76 cents to $5.42 over the past year.
The department store owner recorded a loss of $34.8 million, or $2.04 per share, in the three months ended Aug. 1. That compares with a loss of $33.8 million, or $2.01 per share, a year earlier.
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