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Dillard's (DDS) Stock Lower in After-Hours Trading on Q2 Revenue Miss, Lower Profits

NEW YORK (TheStreet) -- Shares of Dillard's (DDS) were declining in after-hours trading on Thursday after the Little Rock, AR-based department store chain posted lower-than-expected revenues and decreased profits for the 2016 second quarter.

After today's closing bell, Dillard's reported that profits slumped more than 50% year-over-year.

Revenue came in at $1.45 billion, which missed Wall Street's projected $1.48 billion, while Dillard's earnings of 35 cents per share surpassed analysts expected 31 cents per share.

Total merchandise sales fell 4% for the period and comparable same-store sales decreased 5%.

"Although all sales categories declined...