Nordstrom Inc. (JWN) reported a decline in second-quarter earnings compared to the same period last year; however, the results surpassed analysts’ expectations.The company posted a net income of $122 million, translating to $0.72 per share, which is down from last year’s $137 million, or $0.84 per share.On an adjusted basis, excluding special items, Nordstrom Inc. achieved earnings of $0.96 per share for the quarter.Analysts, as surveyed by Thomson Reuters, had on average projected the company to earn $0.71 per share, with estimates typically excluding special items.Revenue for the quarter saw a 3.4% increase, rising to $3.785 billion from $3.66 billion in the previous year.A summary of Nordstrom Inc.’s second-quarter earnings (GAAP):- Earnings: $122 million vs. $137 million in the previous year.- Earnings per Share (EPS): $0.72 vs. $0.84 last year.- Revenue: $3.785 billion vs. $3.66 billion last year.Guidance for the full year indicates an EPS range between $1.75 and $2.05.The material has been provided by InstaForex Company – www.instaforex.com
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