SEATTLE — Nordstrom Inc. shares jumped in extended trading Thursday after the upscale department store operator reported improved fiscal third-quarter sales and profits.
The Seattle-based company earned $142 million, or 73 cents per share, for the period that ended Nov. 1. That’s up from $137 million, or 69 cents per share, last year. The results exceeded Wall Street expectations: Analysts surveyed by Zacks Investment Research anticipated earnings of 71 cents per share.
Nordstrom’s revenue increased 8.9 percent to $3.14 billion, also beating Street forecasts. Analysts expected $3.11 billion, according to Zacks.
The company said that its revenue from its stores open for at least a year rose 3.9 percent.