For the second quarter in a row,
blew by earnings estimates, posting a per-share profit surge of 78%.
In its second quarter ended August 2, the department-store chain earned $65.9 million, or 48 cents a share. That was up from the year-ago period, when the company earned $36.3 million, or 27 cents a share.
Revenue in the quarter rose 8% to $1.79 billion from the year-ago period.
Last year's earnings were held down by a $16.1 million impairment charge. Without that charge, the company would have earned $52.4 million, or 39 cents a share.
Analysts were expecting Nordstrom to earn 39 cents a share on $1.74 billion, according to Thomson First Call. The company had previously forecast that it would earn 35 cents to 40 cents a share in the quarter.
Nordstrom expects to earn 16 cents to 20 cents a share in the third quarter. The company forecasts that it will earn $1.33 to $1.37 for the full year. That's up from previous full-year guidance of $1.19 to $1.23 a share.
Wall Street had projected that the company would earn 15 cents a share in the current quarter and $1.24 per share for the full year.