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February 24, 2017

Nordstrom quarter beats expectations

SEATTLE (AP) — Nordstrom Inc. reported a better-than-expected profit for its fourth quarter, helped by strong sales at its Nordstrom Rack brand.

The department store operator said Thursday that it earned $201 million, or $1.15 per share, for the period that ended Jan. 28. Earnings, adjusted for non-recurring costs, were $1.37 per share. That exceeds the $1.13 per share that analysts surveyed by Zacks Investment Research were anticipating.


 
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