Hmmm... only beat by $0.01; revs up, guidance flatter
Nordstrom beats by $0.01, beats on revs; raises the low end of
Reports Q3 (Oct) earnings of $0.59 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.58; revenues rose 13.9% year/year to $2.38 bln vs the $2.35 bln consensus. Co raised the low end of their FY12 EPS guidance, sees EPS of $3.05-3.10 up from $2.95-3.10 vs. $3.16 Capital IQ Consensus Estimate. Co alsoo sees FY12 SSS of approx 6% vs 4-6% prior.