Further Earnings Decline Seen For Dillard's

(RTTNews) - Department store chain Dillard's (DDS) is scheduled to release its quarterly earnings after the closing bell today. The company is expected to report a sharp decline in quarterly earnings. This would continue a slide seen in its third quarter results, which were released in November.

Earnings for the January quarter are projected to fall to $2.48 per share, according to survey conducted by Thompson Reuters. This compares to a figure of $3.17 per share in the same period last year.

Revenues are projected to fall as well. Analysts are predicting a fall of nearly 4 percent, with the top line projected to slide to $2.10 billion from the mark of $2.18 billion posted last year.

In the third quarter, The company's profit dropped to $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.