Dillard's Inc. (DDS: Quote) reported fourth quarter adjusted net income of $2.87 per share Monday morning, which fell short of the consensus estimate of $2.89. Net sales for the quarter rose 7 percent to $2.11 billion from $1.97 billion in the year-ago period.
Dillard's gapped open lower Monday and dropped in the first half hour of trade, before settling into a range. The stock finished down by 8 points at $76.92, with volume at a 9-month high. Dillard's dropped to a 4-month low and fell below its 50-day moving average.
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by RTT Staff Writer
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