Dillard’s Earnings Rise; Misses Estimates (DDS)
Fashion apparel retailer, Dillard’s, Inc.(DDS) reported increased fourth earnings, but missed estimates on Monday.
The Little Rock, AR based company reported fourth quarter earnings of $161.4 million, or $3.36 per share, up 12% from $141.5 million, or $2.77 per share. Excluding special items, earnings were $137.6 million, or $2.87 per share, up from $112.8 million, or $2.21 per share last year. Analysts expected to see earnings of $2.89 per share.
Revenue for the quarter was $2.106 billion up from $1.970 billion last year.
Dillard’s shares were down -$3.16, or -3.72% during premarket trading Monday. The stock has increased 44% in the past year.
The Bottom Line
Shares of Dillard’s, Inc.(DDS) have a 0.24% yield, based on Friday’s closing price of $84.92.
Dillard’s, Inc.(DDS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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