Nordstrom reported mixed results and gave full-year earnings guidance that topped Wall Street estimates.
shares were up 7.5% late Thursday after the company reported full-year earnings guidance that topped Wall Street estimates.
For the fourth quarter, the retailer reported mixed results, earning $1.48 a share on revenue of $4.48 billion. Wall Street analysts surveyed by Bloomberg were expecting earnings of $1.42 on revenue of $4.6 billion. For the full year, Nordstrom said digital sales increased 16% versus a year ago, and made up 30% of total revenue.
The retailer sees full-year earnings per diluted share for fiscal year 2019 of between $3.65 and $3.90, stronger than the $3.67 that analysts surveyed by Bloomberg were expecting. Nordstrom also said it expects net sales to grow between 1% and 2%.
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