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Benzinga
Benzinga
Business
Henry Khederian

Why Nordstrom Shares Are Rising

Erik Nordstrom JWN Nordstrom, Inc. NYSE

Nordstrom, Inc. (NYSE:JWN) shares are trading higher by 32.6% at $25.90 Wednesday morning after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued FY22 guidance.

Nordstrom reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.02. Nordstrom also reported quarterly sales of $4.38 billion which beat the analyst consensus estimate of $4.35 billion by 1%. This represents a 20% increase over sales of $3.65 billion in the same period last year.

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