Dillard Inc. Reports 17% Decline In Q3 Earnings

(RTTNews) - Dillard Inc. (DDS) reported earnings for third quarter that lost ground from last year.

The company said its profit came in at $45.7 million, or $1.19 per share. This was down from $55.2 million, or $1.30 per share, in last year's third quarter.

Analysts had expected the company to earn $1.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $1.43 billion. This was down from $1.46 billion last year.

Dillard Inc. earnings at a glance:

-Earnings (Q3): $45.7 Mln. vs. $55.2 Mln. last year. -Earnings Decline (Y-o-Y): -17.2% -EPS (Q3): $1.19 vs. $1.30 last year. -EPS Decline (Y-o-Y): -8.5% -Analysts Estimate: $1.20 -Revenue (Q3): $1.43 Bln vs. $1.46 Bln last year. -Revenue Change (Y-o-Y): -2.1%