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Nordstrom Shares Sizzle on Earnings Release, Raised Guidance

Michelle Lodge

It's good to be a public company when you have results like Nordstrom Inc. The Seattle-based high-end department store chain beat analysts' estimates on earnings per share, revenue and same-store sales when it reported earnings for the quarter ended Aug. 4, after the market close on Thursday, Aug. 16. Nordstrom reported EPS of 95 cents versus the expected 84 cents, revenue came in at $407 billion compared with a $3.96 billion estimate, and same-store sales were up 4% versus the expected 0.8%.