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Dillard's Third-Quarter Results Well Short of Forecasts

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Dillard's

(DDS) - Get Dillard's, Inc. Class A Report

posted third-quarter earnings that dropped sharply from the same period last year amid a weak retail environment and a 3% decline in same-store sales.

The apparel and home furnishings retailer earned $6 million, or 7 cents a share, compared with $34.8 million, or 33 cents a share, last year. Excluding extraordinary gains on early debt payments, the company posted a loss of 10 cents a share. A

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poll of 12 analysts expected the company to earn 9 cents a share for the quarter.

Sales for the quarter were "below plan" at $1.98 billion, down from $2.07 billion in the same period last year.