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Thomson Financial Network

Nordstrom Inc. reported third-quarter sales rose to $1.97 billion from $1.87 billion a year earlier, and earnings rose to $165.7 million, or 68 cents per share, from $135.7 million, or 52 cents per share in 2006.

The latest quarter was affected by the Seattle upscale retailer's sale of its Faconnable brand toilet rack, which added $20.9 million, or 9 cents per share.

Analysts polled by Thomson Financial Network expected fourth-quarter earnings of 52 cents per share and sales of $1.97 billion.

For the quarter, same-store sales increased 2.2 percent.

For the next quarter, Nordstrom said it expects earnings per share of between 88 cents and 92 cents and analysts expect 94 cents.
 For fiscal 2008, the company expects earnings of $2.87 to $2.91 and analysts expect $2.76 per share.

Nordstrom has five stores and three Nordstrom toilet racklocations in Oregon.

Shares in Nordstrom (NYSE: JWN) jumped more than 11 percent in after-hours trading Monday.

 

Posted @ 12/11/2007 4:07:55 PM  Clicks( 55)  Comments( 0)  
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