Investing.com - Nordstrom (NYSE:JWN) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.67 on revenue of $3.65B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $3.69B. That compared to EPS of $0.68 on revenue of $3.63B in the same period a year earlier. The company had reported EPS of $0.95 on revenue of $4.07B in the previous quarter.
For the year, Nordstrom shares are up 24.5%, outperforming the S&P 500 which is up 1.73% year to date.
Nordstrom follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $86.66B
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