Nordstrom Inc. Profit Falls 64% In Q1

(RTTNews) - Nordstrom Inc. (JWN) revealed earnings for first quarter that retreated from last year.

The company said its earnings totaled $46 million, or $0.26 per share. This was down from $128 million, or $0.66 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.9% to $3.25 billion. This was up from $3.22 billion last year.

Nordstrom Inc. earnings at a glance:

-Earnings (Q1): $46 Mln. vs. $128 Mln. last year. -Earnings Decline (Y-o-Y): -64.1% -EPS (Q1): $0.26 vs. $0.66 last year. -EPS Decline (Y-o-Y): -60.6% -Analysts Estimate: $0.46 -Revenue (Q1): $3.25 Bln vs. $3.22 Bln last year. -Revenue Change (Y-o-Y): 0.9%

-Guidance: Full year EPS guidance: $2.50 to $2.70