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Department store operator Stein Mart Inc. said its first-quarter profit rose as it benefited from a modest bump in revenue.

The company reported net income of $15.9 million, or 35 cents a share, for the three months that ended April 30. That compares with net income of $14.3 million, or 32 cents a share, in the same quarter last year.

Excluding an after-tax gain of $1.2 million to correct an error in its accounting for credit card rewards, Stein Mart earned 32 cents a share.

On that basis, the company’s results beat analysts’ average forecast for earnings of 31 cents a share, according to FactSet.

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