NEW YORK (AP) — Nordstrom Inc. is reporting a 43 percent increase in third-quarter net income as the upscale retailer benefits from its customers going back to spending. The company also is boosting its earnings outlook.
The company said Monday that it earned $119 million, or 53 cents per share, for the period that ended Oct. 30. That compares with $83 million, or 38 cents per share, a year earlier. The company says that total revenue rose to $2.18 billion, up from $1.96 billion.
Analysts were expecting 51 cents per share on revenue of $2.09 billion.
