Nordstrom, (JWN) - Get Report the Seattle-based upscale-department-store retailer, reported fiscal-third-quarter earnings-per-share doubled on 2% lower revenue.

In after-hours Trading on Thursday Nordstrom shares advanced more than 8%. They had closed the regular session up 1.1% at $34.32.

For the quarter ended Nov. 2, Nordstrom earned 81 cents a share compared to 39 cents in the year-earlier quarter. Shares outstanding fell 9.6% to 155.8 million.

Total revenue was $3.67 billion against $3.75 billion.

A survey of analysts by FactSet was expecting earnings of 63 cents a share on revenue of $3.67 billion.

"The consistent strength of our inventory and expense execution contributed to increased profitability for the quarter," Co-President Erik Nordstrom said in a statement.

Selling, general and administrative expense as a percentage of net sales was 31.8%, down 1.32 percentage points from the year-earlier quarter.

For the fiscal year, Nordstrom now expects to earn $3.30 to $3.50 a share, compared with the FactSet-derived consensus estimate of $3.29. Its previous outlook was $3.25 to $3.50 a share.

It is looking for an about 2% drop in net sales for the fiscal year.