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SEATTLE, United States — Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $142 million. On a per-share basis, the Seattle-based company said it had profit of 73 cents.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The company posted revenue of $3.14 billion in the period, also beating Street forecasts. Analysts expected $3.11 billion, according to Zacks.
Nordstrom expects full-year earnings to be $3.70 to $3.75 per share.
Nordstrom shares have increased 19 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 10 percent. In the final minutes of trading on Thursday, shares hit $73.26, a climb of 16 percent in the last 12 months.
