Dillard Department Store’s earnings surprised Wall Street,...
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Dillard Department Store’s earnings surprised Wall Street, which sent its shares up $3.375 to close at $123.25.
The company said it earned $45.1 million, or $1.21 a share, up from $38.1 million, or $1.03 a share, a year earlier. Revenue rose to $1.03 billion from $886 million.
Analysts have long considered Dillard one of the strongest U.S. retailers because of its low costs and ability to draw customers with good merchandise and service.
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