NEW YORK (TheStreet) -- Shares of Nordstrom Inc (JWN) are climbing 2.39% to $75 in after-hours trading Thursday, following the department store chain's fiscal third quarter earnings beat of $142 million, or 73 cents per share, higher than the 71 cents per share analysts expected.
The Seattle-based company posted revenue of $3.14 billion for the period, also topping analysts' expectations of $3.1 billion.
Nordstrom updated its full year earnings outlook to a range of $3.70 - $3.75 per share, from its prior outlook of $3.80 - $3.90 per share. The company said this includes its acquisition of Trunk Club, which is expected to reduce earnings per diluted share by approximately 3% in fiscal year 2014.
Separately, TheStreet Ratings team rates NORDSTROM INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORDSTROM INC (JWN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: JWN Ratings Report