Dillard's (DDS) Stock Rises 14% As Q3 Earnings Beat Estimates
Zacks Investment Research | Nov 14, 2019 09:10PM ET
Shares of Dillard's Inc. (NYSE:DDS) gained 14.2%, following the better-than-expected earnings in third-quarter fiscal 2019. Moreover, its comparable store sales (comps) and retail gross margin marked a significant improvement sequentially. Further, significantly lower inventory levels aided results.
Year to date, shares of the Zacks Rank #3 (Hold) company have increased 28.4% against the industry ’s slump of 27.4%.
Q3 Numbers
Dillard's reported adjusted earnings of 23 cents, significantly beating the Zacks Consensus Estimate of a loss of 29 cents. However, the bottom line declined 14.8% from the year-ago quarter’s earnings of 27 cents per share.
Dillard's, Inc. Price, Consensus and EPS Surprise
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