hit a 52-week high Thursday, a day after the company reported earnings that easily surpassed Wall Street's estimates.
Shares of the department store chain went as high as $20.20 earlier in the
New York Stock Exchange
trading session, but recently settled back to $19.49, up $2.88, or 17.3%.
Dillard's, which is based in Little Rock, Ark., reported net income of $59 million, or 69 cents a share, for the fiscal fourth quarter. A dozen analysts polled by
Thomson Financial/First Call
posted a consensus estimate of 43 cents a share. In the year-ago quarter, the company earned 26 cents.
Sales for the quarter were $2.7 billion, up from $2.6 billion in the comparable period a year ago.