Dillard's Rises on Q1 Results
Department store chain Dillard's (NYSE: DDS) released its fiscal first-quarter earnings results after the closing bell on Wednesday.
The company easily beat Wall Street earnings estimates, but revenue came in light. In after-hours trading, the stock was up a little better than 3 percent to $92.00.
Dillard's reported net income of $117.2 million or $2.50 per share, compared to $95.0 million or $1.89 per share, in last year's corresponding period.
On an adjusted basis, net income was $112.8 million or $2.40 per share, versus $95.0 million or $1.89 per share, last year. This came in well ahead of analysts' consensus EPS estimates of $2.09.
Sales for the first-quarter totaled $1.549 billion, which was in line with the company's sales figures from last year's first-quarter. This missed Wall Street consensus revenue estimates of $1.61 billion.
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