By  on November 8, 2012

Dillard's Inc. reported a higher-than-expected adjusted quarterly profit Thursday, helped by stronger sales and leaner inventories and costs.

For the quarter ended Oct. 27, the department store posted net income of $48.5 million, or $1.01 a diluted share, compared with year-ago income of $228.2 million, or $4.31 a share.

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