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Nordstrom Inc. (JWN) Is Losing Ground After Q1 Report

Nordstrom Inc. (JWN) reported first quarter EPS of $0.51 after the close Thursday, up from $0.37 a year ago. Revenues rose 6.3% to $3.56 billion from $3.35 billion last year. Street expectations were for EPS of $0.44 and revenues of $3.46 billion.

Comparable store sales rose 0.6 percent for the quarter. The stock is now down 3.43 on just over a million shares.

Nordstrom traded in a range for the majority of Thursday's session and closed up by 0.23 at $50.91.

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