Nordstrom Inc. reported net income in its second quarter that ended July 31 was $146
million, or 66 cents per share, up from $105 million, or 48 cents per
share, a year ago.Revenue rose 12.7% in the quarter to $2.42 billion, helped by an 8.4
percent same-store sales rise.
Wall Street analysts on average were expecting earnings of 66 cents a share, according to Thomson Reuters I/B/E/S.
Nordstrom maintained its full fiscal year profit forecast of $2.50 $2.65 per share.
The upscale department store operator also lowered its 2010 expectations for credit card revenue for the full year. But it said revenue from its credit card unit would rise $25 million to $35 million for the full year, below an earlier expectation of $35 million to $45 million.
