After-hours trading was mixed and left most stocks little changed on Monday, but Nordstrom (JWN Quote) surged 9.6% higher after the fashion retailer came in past estimates for the fiscal third quarter.
The Seattle-based company posted a 22.1% earnings jump vs. last year to $165.7 million, or 68 cents a share. Sales grew 5.3% to $1.97 billion. Excluding a one-time, 9-cent gain per share, income tops Wall Street views by 7 cents a share, according to Thomson Financial. Revenue was likewise better than expected. Shares were up $2.94 to $33.46.
Hewlett-Packard (HPQ Quote) was also advancing in heavy trading after the Palo Alto, Calif.-based tech giant beat on both top and bottom lines, delivering a non-GAAP profit of 86 cents a share on $28.29 billion in revenue. H-P also added another $8 billion to its share-buyback program. Shares climbed 1.8% to $50.35. ...
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