Nordstrom Beats Estimates (JWN)

Retailer Nordstrom, Inc. JWN released its third quarter earnings results on Monday after the closing bell. The company reported net earnings of $119 million, or $0.53 per diluted share, compared to $83 million, or $0.38 per diluted share, for the same quarter last year. This compared to Wall Street consensus EPS estimates of $0.52. Net sales came in at $2.09 billion, which was a 11.7% increase over the $1.87 billion in net sales the company reported in the year ago period and also beat analysts' consensus revenue estimates of $2.07 billion. Year over year, JWN's same store sales increased 5.8%.