Nordstrom spikes on strong guidance

  • Nordstrom reported mixed quarterly results.
  • The retailer said digital sales jumped 16% during the fiscal year.
  • Nordstrom gave full-year earnings guidance that topped Wall Street estimates.
  • Watch Nordstrom trade live.

Nordstrom shares were up 7.5% late Thursday after the company reported full-year earnings guidance that topped Wall Street estimates.

For the fourth quarter, the retailer reported mixed results, earning $US1.48 a share on revenue of $US4.48 billion. Wall Street analysts surveyed by Bloomberg were expecting earnings of $US1.42 on revenue of $US4.6 billion.

For the full year, Nordstrom said digital sales increased 16% versus a year ago, and made up 30% of total revenue.

The retailer sees full-year earnings per diluted share for fiscal year 2019 of between $US3.65 and $US3.90, stronger than the $US3.67 that analysts surveyed by Bloomberg were expecting. Nordstrom also said it expects net sales to grow between 1% and 2%.

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