By  on July 9, 2008

Stage Stores Inc.'s shares added almost 17 percent Tuesday after the retailer reported positive comparable-store sales results in June and projected that its second-quarter earnings would meet or exceed its most upbeat estimates.

The operator of Stage, Peebles, Bealls and Palais Royal department stores said that its June sales rose 1.2 percent on a same-store basis and were up 6.4 percent, to $142 million, overall. May comps managed a 0.1 percent increase, putting the firm ahead 0.7 percent during the first two months of the second quarter.

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