Nordstrom Inc. (JWN) released a profit for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $122 million, or $0.72 per share. This compares with $137 million, or $0.84 per share, in last year's second quarter.
Excluding items, Nordstrom Inc. reported adjusted earnings of $0.96 per share for the period.
Analysts on average had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.4% to $3.785 billion from $3.66 billion last year.
Nordstrom Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $122 Mln. vs. $137 Mln. last year.-EPS (Q2): $0.72 vs. $0.84 last year.-Revenue (Q2): $3.785 Bln vs. $3.66 Bln last year.
-Guidance:Full year EPS guidance: $1.75 to $2.05
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.