Nordstrom stock jumps 6% after retailer beats quarterly views

Shares of Nordstrom Inc. rose more than 6% in the extended session Thursday after the retailer beat Wall Street expectations on fourth-quarter profit and quarterly sales came in just below forecasts. Nordstrom said it earned $248 million, or $1.48 a share, in the quarter, compared with $151 million, or 89 cents a share, in the year-ago period. Sales fell to $4.5 billion, compared with $4.7 billion a year ago. Analysts polled by FactSet had expected earnings of $1.42 a share on sales of $4.6 billion. The company plans to open two new full-price stores and five new Nordstrom Rack stores in 2019, including a new store in New York City, and said it expects sales growth between 1% and 2% as well as EPS between $3.65 and $3.90 for the year. Nordstrom shares ended the regular session up less than 0.1%.

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