Nordstrom swung to a fiscal-second-quarter profit from the year-ago quarter’s loss.
For the quarter ended July 31, the luxury retail company’s earnings came in at 49 cents a share compared with a loss of -$1.62 a share in the year-earlier quarter. Analysts polled by FactSet expected GAAP earnings of 28 cents a share
Revenue reached $3.66 billion from $1.86 billion. Analysts estimated $3.34 billion.
For the full year, Nordstrom boosted its revenue outlook to 35% from its previous estimate of 25%.