SEATTLE (AP) — SEATTLE (AP) — Nordstrom Inc. (JWN) on Thursday reported a loss of $539 million in its fiscal first quarter.
On a per-share basis, the Seattle-based company said it had a loss of 24 cents.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The department store operator posted revenue of $3.34 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $3.2 billion.
Nordstrom expects full-year earnings to be $1.65 to $2.05 per share.
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