Dillard Inc. Announces 29% Decline In Q1 Bottom Line

(RTTNews) - Dillard Inc. (DDS) revealed a profit for first quarter that declined from last year.

The company said its earnings totaled $77.4 million, or $2.17 per share. This was lower than $109.6 million, or $2.66 per share, in last year's first quarter.

Analysts had expected the company to earn $2.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $1.53 billion. This was down from $1.61 billion last year.

Dillard Inc. earnings at a glance:

-Earnings (Q1): $77.4 Mln. vs. $109.6 Mln. last year. -Earnings Decline (Y-o-Y): -29.4% -EPS (Q1): $2.17 vs. $2.66 last year. -EPS Decline (Y-o-Y): -18.4% -Analysts Estimate: $2.52 -Revenue (Q1): $1.53 Bln vs. $1.61 Bln last year. -Revenue Change (Y-o-Y): -5.0%