LITTLE ROCK, Ark. (AP) _ Dillard’s Inc. (DDS) on Thursday reported a loss of $8.6 million in its fiscal second quarter.
On a per-share basis, the Little Rock, Arkansas-based company said it had a loss of 37 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $4.54 per share.
Dillard’s operates what is now the only open store at the Pines mall which was closed by its owner earlier this year.
The department store operator posted revenue of $919 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $965.1 million.
Dillard’s shares have fallen 63% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.06, a drop of 55% in the last 12 months.
