Dillard’s (DDS) Posts Better-Than-Expected; Shares Surge

Shares of Dillard’s, Inc.DDS surged more than 15% today, following the first quarter results announced by the company. The company reported increase in net income from 10 cents per share reported in the first quarter, last year, to 68 cents per share, or $48.8 million, in the first quarter this year. Excluding special items, the company reported EPS of 70 cents, which is higher than analysts’ estimate of 51 cents. However, sales were lower than analysts’ estimate of $1.52 billion and stood at $1.45 billion. Shares of Dillard’s, Inc. were up by 11.24% to $28.55 in trading at 11.10 a.m. in New York today.