Dillard’s Inc. shares rose 6.4% in pre-conference trading, as the retail department store announced third-quarter earnings that exceeded estimates.
Net income was $ 197.3 million, or $ 9.81 per share, up from $ 31.9 million, or $ 1.43, a year earlier.
Sales stood at $ 1.481 billion, up from $ 1.025 billion a year ago.
Convergent estimates spoke of earnings per share of $ 5.52 and sales of $ 1.440 billion.
Comparable retail sales rose 48%, compared to estimates for a 25% increase.
Dillard’s operates in 250 locations and 30 clearing centers in 29 states, as well as an e-commerce site.
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Source From: Capital
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