LITTLE ROCK, Ark. (AP) _ Dillard's Inc. (DDS) on Thursday reported a fiscal first-quarter loss of $162 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Little Rock, Arkansas-based company said it had a loss of $6.94.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.54 per share.
The department store operator posted revenue of $786.7 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $889.9 million.
Dillard's shares have declined 69% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.08, a decline of 64% in the last 12 months.