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IParty Posts Narrower Q1 Loss

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4/25/2012 12:16 PM ET

Party goods retailer iParty Corp. (IPT: Quote) reported a first-quarter net loss of $1.2 million or $0.05 per share, narrower than the net loss of $1.5 million or $0.06 per share last year

Revenue for the quarter rose 4.4 percent to $15.8 million from $15.1 million a year ago.

Comparable store sales in the latest quarter increased 8.6 percent from the prior-year quarter.

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