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Aug. 15, 2022

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Nordstrom reports $193 million profit for fourth quarter

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SEATTLE — Nordstrom Inc. (JWN) on Tuesday reported fiscal fourth-quarter profit of $193 million.

On a per-share basis, the Seattle-based company said it had net income of $1.23.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The department store operator posted revenue of $4.54 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $4.57 billion.

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