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Nordstrom fiscal Q3 profit climbs YOY

Nordstrom Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to 73 cents per share, compared with the S&P Capital IQ consensus estimate of 72 cents per share.

EPS rose 6.0% year over year from 69 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $142.5 million, an increase from $136.3 million in the prior-year period.

The normalized profit margin dropped to 4.5% from 4.7% in the year-earlier period.

Total revenue increased 8.9% on an annual basis to $3.14 billion from $2.88 billion, and total operating expenses rose 9.3% on an annual basis to $2.88 billion from $2.64 billion.

Reported net income grew from the prior-year period to $142.1 million, or 73 cents per share, from $136.1 million, or 69 cents per share.