Nordstrom Inc raised the lower-end of its full-year profit forecast on Thursday ...
FILE PHOTO: The company logo for Nordstrom Inc, is displayed on a screen at the New York Stock Exchange in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid
- Nordstrom Inc raised the lower-end of its full-year profit forecast on Thursday and said the impact of U.S. tariffs on Chinese imports was not expected to be significant for the year, sending shares up 7% after the bell. The company expects full-year profit to be in the range of $3.30 to $3.50 per share, up from the prior forecast of $3.25 to $3.50 per share.
Total revenue fell 2% to $3.67 billion in the third quarter ended Nov.2, in line with the analysts’ average estimate, according to IBES Refinitiv data.
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