SEATTLE (AP) — Nordstrom Inc. on Thursday reported better-than-expected quarterly results, and shares rallied in extended trading.

The Seattle-based company said it had fiscal third-quarter earnings of $126 million, or 81 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The department store operator posted revenue of $3.67 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.64 billion.

Nordstrom now expects full-year earnings to be $3.30 to $3.50 per share, up slightly from a prior per-share range of $3.25 to $3.50.

Nordstrom shares rose 10% in after-hours trading.

The exterior of Nordstrom’s new flagship store in New York City on Oct. 21, 2019. The opening is scheduled for Oct. 24. As many other retailers are downsizing, Nordstrom has reportedly spent $500 million on their new flagship store on 57th St. and Broadway. 211855 211855


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