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LITTLE ROCK, Ark. (AP) - Dillard's Inc. reported first-quarter profits Wednesday of $42.9 million, down 30 percent from the $61.3 million the department store chain earned in the same period a year before.
Dillard's earned 53 cents per share for the period ending May 5, compared to 77 cents per share in the year-ago quarter. Analysts surveyed by Thomson Financial had projected Dillard's would post profits of 73 cents per share on revenue of $1.80 billion. Dillard's had sales of $1.76 billion, compared to $1.84 billion a year before.
Sales in stores open at least a year were down by 5 percent, and overall sales were down by 4 percent.
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