Nordstrom profit beats Wall Street estimates, shares rise
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Feb 28 (Reuters) - Department store operator Nordstrom Inc on Thursday reported better-than-expected quarterly profit, sending its shares up more than 5 percent after hours.
Net income rose to $248 million, or $1.48 per share, compared with $151 million, or 89 cents per share, a year earlier. That beat Wall Street's average estimate of $1.42 per share, according to IBES data from Refinitiv.
The retailer said same-store sales rose 0.1 percent in the fourth quarter, missing the 1.1 percent increase expected by Wall Street analysts. (Reporting by Melissa Fares in New York Editing by Bill Rigby)
