Dillard's Rises on Q1 Results

Department store chain Dillard's

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.