Nordstrom Earnings Largely In-Line (JWN)

Nordstrom, Inc. JWN reports Q2 EPS of $0.66 versus estimates of $0.66. Nordstrom, Inc. reports Q2 revenues of $2.52 billion versus estimates of $2.4 billion. Revenues increased 12.7% year over year; multi-channel same-store sales increased 9.9 year over year. Nordstrom Rack same-store sales declined 0.9% year over year. Based on second quarter performance, Nordstrom is maintaining its outlook for fiscal 2010 during which Nordstrom expects earnings per diluted share in the range of $2.50 to $2.65, while revising the outlook for credit card revenues, selling, general and administrative expenses and the effective tax rate. Shares of JWN are lower by 2.66% in the after-hours.