Nordstrom Inc. Announces Drop In Q3 Earnings

Nordstrom Inc. (JWN) reported a profit for third quarter that fell from the same period last year.

The company's profit came in at $53 million, or $0.34 per share. This compares with $126 million, or $0.81 per share, in last year's third quarter.

The company's revenue for the quarter fell 16.0% to $3.00 billion from $3.57 billion last year.

Nordstrom Inc. earnings at a glance:

-Earnings (Q3): $53 Mln. vs. $126 Mln. last year.
-EPS (Q3): $0.34 vs. $0.81 last year.
-Revenue (Q3): $3.00 Bln vs. $3.57 Bln last year.

by RTTNews Staff Writer

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