Nordstrom Inc.’s third-quarter earnings rose 15 percent, but came in just shy of Wall Street’s estimates.
Profits increased to $146 million, or 71 cents a diluted share, from $127 million, or 59 cents, a year ago. Profits came in 1 cent below the 72 cents analysts projected.
Shares of the company fell 3.4 percent to $53.50 in afterhours trading today.
Revenues for the three months ended Oct. 27 increased 13.3 percent to $2.81 billion from $2.48 billion. The chain’s top-performing merchandise categories included men’s shoes and apparel and kids apparel.
E-commerce pushed the firm’s direct sales up 38 percent.