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Dillard’s Q2 Profit Rises, but Shares Fall (DDS)

Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture.

The Little Rock, Arkansas-based company reported second quarter net income of $17.6 million, or 32 cents per share, compared with just $6.8 million, or 10 cents per share, in the year-ago period. Excluding the one-time benefit, adjusted profit was 30 cents per share.

On average, Wall Street analysts expected a smaller profit of 25 cents per share.

Despite the seemingly positive earnings results, Dillard's shares fell $2.80, or -5.5%, in premarket trading Friday.

The Bottom Line

Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. The stock has technical support in the $43-$45 price area. If the shares can firm up, we see overhead resistance around the $54-$55 price levels.

Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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