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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Nordstrom reports fiscal 4Q net income of $193 million

A Nordstrom department store sign is seen in downtown Spokane on Sept. 14, 2016. (Jesse Tinsley / The Spokesman-Review)
Associated Press

SEATTLE – Nordstrom Inc. on Tuesday reported fiscal fourth-quarter net income of $193 million.

On a per-share basis, the Seattle-based company said it had net income of $1.23.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The department store operator posted revenue of $4.54 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.57 billion.

Nordstrom expects full-year earnings in the range of $3.25 to $3.50 per share.

Nordstrom shares have decreased 18% since the beginning of the year, while the Standard & Poor’s 500 index has declined 7%. In the final minutes of trading on Tuesday, shares hit $33.44, a decline of 26% in the last 12 months.