Nordstrom (JWN) slipped 2.3% in after hours trading after posting better than expected earnings. It projected a slight deceleration in same store sales in this fiscal year.
Nordstrom posted$1.11 in EPS, a penny above expectations. Revenues of $3.27 billion beat expectations for $3.15 billion. The company posted 7.1% same store sales growth. The company sees same-store sales growing 4% to 6%, below 2011 same store sales growth of 7.2%.
Nordstrom expects to post earnings of $3.30 to $3.45 per share in 2012.
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