Dillard Inc. Reports 14% Decline In Q1 Profit

(RTTNews) - Dillard Inc. (DDS) reported earnings for first quarter that dropped from last year.

The company said its profit dropped to $66.3 million, or $2.12 per share. This was down from $77.4 million, or $2.17 per share, in last year's first quarter.

Analysts had expected the company to earn $2.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.3% to $1.42 billion. This was down from $1.50 billion last year.

Dillard Inc. earnings at a glance:

-Earnings (Q1): $66.3 Mln. vs. $77.4 Mln. last year. -Earnings Decline (Y-o-Y): -14.3% -EPS (Q1): $2.12 vs. $2.17 last year. -EPS Decline (Y-o-Y): -2.3% -Analysts Estimate: $2.02 -Revenue (Q1): $1.42 Bln vs. $1.50 Bln last year. -Revenue Change (Y-o-Y): -5.3%