LITTLE ROCK, Ark. (AP) _ Dillard's Inc. (DDS) on Thursday reported a loss of $40.7 million in its fiscal second quarter.
The Little Rock, Arkansas-based company said it had a loss of $1.59 per share. Losses, adjusted for non-recurring gains, were $1.74 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.
The department store operator posted revenue of $1.46 billion in the period.
Dillard's shares have declined slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.52, a drop of 32% in the last 12 months.