Nordstrom Reports Earnings; Shares Fall

Shares of Nordstrom Inc. JWN are falling in the after-market by 2.08% to $40.43 after the company reported earnings. Nordstom said the EPS came in at $0.52 on $2.09 billion in revenue. The Street was looking for $0.55 EPS and $1.97 billion in revenue. The company also said that same store sales were up 13.7% and that Nordstrom Rack same store sales were up 1.9%. Direct sales were higher by 38.7%. Nordstrom Shares lost 4.04% during the day’s trade to close at $41.29.