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Nordstrom raises its fourth quarter earnings expectations

Seattle-based Nordstrom Inc. today raised its fourth quarter earnings expectations, citing better-than-expected sales.

The company now estimates its diluted fourth quarter earnings per share will be between 36 and 38 cents, up from the previous range of between 27 and 31 cents.

For the year, the company predicts its earnings per share will be in the range of 91 to 93 cents, up from the previous guidance of between 82 and 86 cents.

Nordstrom shares on The New York Stock Exchange closed at $24.91 today, up 24 cents, or 97%, after reaching a daily high of $26.

Nordstrom operates 131 U.S. stores in 25 states as well as 23 international Faconnable boutiques, primarily in Europe.

-- Staff and wire reports

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