Nordstrom Beats Analysts' Expectations With Strong Earnings

Nordstrom posted better than expected earnings in the latest quarter even though it saw some margin compression. Nordstrom has been struggling with intense price competition from both brick and mortar and online rivals. However, Nordstrom's investment in technology paid off this quarter. The company reported earnings that were $.04 higher than analysts’ estimates. Earlier this week, Nordstrom’s board approved a quarterly dividend for investors of $0.33 a share. The company's earnings report sent shares surging up in after hour trading by almost 9 percent to $67 a share.