Nordstrom Beats Estimates (JWN)

Nordstrom Inc. JWN released financial results on Monday after the market closed that just beat Wall Street estimates. Nordstrom Inc announced that its 3rd quarter net earnings climbed 42.6% to $119 million, or 53 cents per share, from $83 million, or 38 cents per share, a year earlier. The company reported that its net sales rose 11.7% to $2.09 billion, up from $1.87 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 52 cents per share, on revenue of $2.07 billion. The company forecast full-year EPS of $2.60 to $2.65. Nordstrom Inc. (JWN) finished the trading day at $41.83 per share. The consensus price target of analysts covering the company's stock is $44.47 per share. Read more from Benzinga's Company news.