Party City on Tuesday announced earnings and revenue that topped expectations, and said it would launch an online marketplace for party services.

The party supplies retailer and wholesaler reported a loss of $4.7 million in its first quarter, which included a $9.2 million one-time charges associated with company restructuring, and primarily represents related severance charges. Earnings, adjusted for one-time gains and costs, were 5 cents per share. The results surpassed Wall Street expectations. Total revenue rose 4.2% to $477.00 million in the quarter, ended March 31.

“2017 is off to a solid start with first quarter results that were in line with our expectations,”…