By  on November 14, 2019

Dillard’s Inc. had another lackluster quarter with stagnant top-line sales, culminating in a net income for the year so far that dropped to $43.4 million from $85.1 million in the first nine months of 2018.

But the Little Rock, Ark.-based chain managed to pleasantly surprise investors, driving its stock up 13.3 percent midday Thursday to $76.85. For the third quarter ended Nov. 2, the department store logged profits of $5.5 million, down 25 percent from $7.4 million a year earlier. That looked strong compared with a dismal second quarter with $40.7 million in losses.    

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