By  on March 6, 2012

“Economically stressed” moderate-income consumers responded to aggressive promotions at Stage Stores Inc. in the fourth quarter, lifting sales and earnings but leaving the bottom line below the company’s and analysts’ expectations.

In the 13 weeks ended Jan. 28, net income rose 2.3 percent to $32.7 million, or $1.05 a diluted share, versus a consensus estimate of $1.07 a share. Year-ago earnings were $32 million, or 86 cents.

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