Apparel and home furnishings retailer Dillard’s, Inc. (DDS) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading.
The Little Rock, AR-based company reported first quarter net income of $95 million, or $1.89 per share, compared with $76.7 million, or $1.31 per share, in the year-ago period.
On average, Wall Street analysts expected a much smaller profit of $1.67 per share.
Revenue rose 5% from last year to $1.55 billion, while same-store sales also rose 5%.
Dillard’s shares rose $3.81, or +5.8%, in premarket trading Friday.
The Bottom Line
Shares of Dillard’s (DDS) have a .30% dividend yield, based on last night’s closing stock price of $66.19. The stock has technical support in the $60 price area. The shares are trading at all-time highs.
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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