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.
Keywords: Nordstrom, Earnings Report
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