Nordstrom Beats on Top and Bottom Lines

Shares of Nordstrom

are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 4.07%, trading at $47.60; they ended the regular session higher by 1.41%, at $49.62. Nordstrom reported Q3 EPS of $0.59 on revenues of $2.38 billion; the Street was looking for $0.58 per share on revenues of $2.35 billion. Revenues increased 13.9% year over year. Nordstrom's net sales, which include results from the full-line and Direct businesses, increased $159 million, or 9.8%, compared with the same period in fiscal 2010. Same-store sales increased 8.5%. The company sees FY2012 EPS in the range of $3.05-3.10, up from $2.95-3.10; the Street was at $3.16 per share. Nordstrom, Inc. is a fashion specialty retailer. The company offers apparel, shoes, cosmetics and accessories for women, men and children. The company has two segments: Retail and Credit.