Nordstrom beats Street 2Q forecasts

SEATTLE (AP) _ Nordstrom Inc. (JWN) on Thursday reported fiscal second-quarter profit of $110 million.

On a per-share basis, the Seattle-based company said it had profit of 65 cents.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The department store operator posted revenue of $3.79 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.73 billion.

Nordstrom expects full-year earnings to be $2.85 to $3 per share.

Nordstrom shares have dropped almost 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 9 percent. In the final minutes of trading on Thursday, shares hit $44.73, a climb of 1 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JWN at https://www.zacks.com/ap/JWN

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Keywords: Nordstrom, Earnings Report

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