Nordstrom misses 4Q earnings expectations, tops revenue forecasts

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SEATTLE — Nordstrom Inc. (JWN) on Thursday reported fiscal fourth-quarter net income of $255 million.

On a per-share basis, the Seattle-based company said it had net income of $1.32.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The department store operator posted revenue of $4.04 billion in the period, exceeding Street forecasts. Analysts expected $4.02 billion, according to Zacks.

For the year, the company reported profit of $720 million, or $3.72 per share. Revenue was reported as $13.51 billion.

Nordstrom expects full-year earnings in the range of $3.65 to $3.80 per share.

Nordstrom shares have fallen nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 2 percent. In the final minutes of trading on Thursday, shares hit $77.14, an increase of 31 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 http://www.zacks.com/ap/JWN

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Keywords: Nordstrom, Earnings Report

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