StoneMor Partners Slips To Loss In Q1; Results Miss View - Quick Facts

(RTTNews) - StoneMor Partners L.P. (STON) reported first-quarter net loss of $8.76 million or $0.30 per limited partner unit, compared to net income of $0.41 million or $0.02 per unit in the prior-year period.

The company attributed the loss to the increased expenses associated with the ongoing integration of the properties acquired during 2014.

Revenues for the quarter grew 5 percent to $67.42 million from $64.39 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to report loss of $0.02 per share on revenues of $74.93 million in the quarter. Analysts' estimates typically exclude special items.