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Nordstrom fiscal Q4 profit falls YOY

Nordstrom Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to $1.39 per share, compared with the S&P Capital IQ consensus estimate of $1.35 per share.

In the prior-year period, the per-share result was a profit of $1.39.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $269.4 million, a decline from $273.1 million in the fourth quarter ended Feb. 1, 2014.

The normalized profit margin fell to 6.7% from 7.4% in the year-earlier period.

Total revenue climbed 8.9% on an annual basis to $4.04 billion from $3.71 billion, and total operating expenses rose 10.9% from the prior-year period to $3.58 billion from $3.23 billion.

Reported net income declined year over year to $256.0 million, or $1.32 per share, from $267.5 million, or $1.37 per share.

For the year, the company's normalized net income totaled $3.83 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.76.

EPS rose from $3.76 in the prior year.

Normalized net income was $740.6 million, compared with $743.1 million in the prior year.

Full-year total revenue rose 7.7% on an annual basis to $13.51 billion from $12.54 billion, and total operating expenses increased 8.8% year over year to $12.20 billion from $11.21 billion.

The company said reported net income decreased year over year to $720.2 million, or $3.72 per share, in the full year, from $733.5 million, or $3.71 per share.