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Looks like Wall Street got ahead of itself with bullish expectations for Nordstrom earnings.

Seattle-based retailer Nordstrom posted a quarterly profit and sales that fell below analysts’ expectations Thursday, sending the stock down in after-hours trading.

Nordstrom shares, which had been trading near record levels before the earnings report, fell as much as 4 percent afterward.

“Nordstrom did well. They just didn’t do great,” said analyst Richard Jaffe, of Stifel Nicolaus & Co. in New York.

Nordstrom said its first-quarter profit declined 3 percent to $145 million from $149 million a year ago.

Meanwhile, its per-share profit, which reflects a recent buyback of 3 million shares, rose 4 percent to 73 cents, or 3 cents below Wall Street’s estimate.

Revenue rose 5 percent to $2.75  billion, less than the $2.81  billion analysts expected.

Nordstrom cited weaker demand for seasonal merchandise in February and March in the Northeast, Midwest and mid-Atlantic regions. However, the company noted that business picked up in April.

“It was a tough spring for the whole retail sector,” Jaffe said. “It’s been pretty well documented that the weather was very warm going into Christmas and extremely cold coming out of it.”

Shares of Nordstrom ended Thursday’s regular trading session at $61.13, down 31 cents from Wednesday’s all-time, closing-price high of $61.44. The stock fell $2.03 to $59.10, a 3.3 percent drop, in extended trading after the earnings report.

Nordstrom reiterated its guidance for a full-year profit of $3.65 to $3.80 a share, but downgraded its sales outlook. The company now predicts sales at stores open at least a year to grow between 3 and 5 percent, versus 3.5 to 5.5 percent previously.

Nordstrom is making a push for young, digital-savvy shoppers with new investments in Rack stores, website upgrades and mobile apps. Among the interesting tidbits from Thursday’s earnings call, Nordstrom said the deployment of mobile-checkout devices in Rack stores had enabled it to remove some cash registers and free up space for more merchandise.

Also, Nordstrom’s full-scale stores have revamped their women’s Savvy departments to attract 20-somethings with trendy, lower-priced clothing. President Blake Nordstrom said that while he’s “excited” by what he’s seen from the revamp, it’s too soon to evaluate the results.

Executives also mentioned that Nordstrom’s partnership with British fast-fashion brand Topshop soon will expand. Nordstrom rolled out Topshop departments online and in 14 stores last fall. An additional 28 stores will feature Topshop this fall.

Amy Martinez: 206-464-2923 or