SEATTLE – Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Seattle-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The department store operator posted revenue of $3.54 billion in the period, also exceeding forecasts. Six analysts surveyed by Zacks expected $3.49 billion.