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SEATTLE, United States — Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Seattle-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The department store operator posted revenue of $3.54 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.49 billion.
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Nordstrom expects full-year earnings in the range of $2.85 to $2.95 per share.
Nordstrom shares have increased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. In the final minutes of trading on Thursday, shares hit $56.03, a decline of 13 percent in the last 12 months.
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