Fashion specialty retailer Nordstrom, Inc. ( JWN ) late Thursday posted fourth quarter earnings results that narrowly beat analyst expectations, but its 2012 outlook fell short of Wall Street's view.
The Seattle-based company reported fourth quarter net income of $236 million, or $1.11 per share, compared with $232 million, or $1.04 per share, in the year-ago period.
Revenue rose 12.5% from last year to $3.17 billion.
On average, Wall Street analysts expected a slightly smaller profit of $1.10 per share, on matching revenue of $3.17 billion.
Looking ahead, JWN said it expects full-year 2012 earnings to range from $3.30 to $3.45 per share, which would miss Wall Street's view of $3.59 per share for the year.
Nordstrom shares fell 98 cents, or 1.9%, in premarket trading Friday.
The Bottom Line
Shares of Nordstrom Inc. ( JWN ) have a 1.76% dividend yield, based on last night's closing stock price of $52.18. The stock has technical support in the $48 price area. The stock is trading near the all-time high price range of $55-$56 a share.
Nordstrom, Inc. ( JWN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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