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Dillard’s Shares Skyrocket as Q1 Earnings Blow Away Expectations (DDS)

Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading.

The Little Rock, AR-based company reported first quarter net income of $76.7 million, or $1.31 per share, compared with $48.8 million, or 68 cents per share, in the year-ago period.

Revenue edged slightly higher from last year to $1.47 billion.

On average, Wall Street analysts expected a much lower profit of 91 cents per share, on matching revenue of $1.47 billion.

The company noted it would begin to build inventory back up in its stores due to growing demand for its products.

Dillard's shares rose $6.68, or +14%, in premarket trading Friday.

The Bottom Line

Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. The stock has technical support in the $43-$45 price area. The shares are trading near all-time highs and have little overhead resistance.

Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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