November 21, 2019 / 9:17 PM / 23 days ago

Nordstrom raises lower-end of profit forecast; shares rise

Nov 21 (Reuters) - Nordstrom Inc raised the lower-end of its full-year profit forecast on Thursday and said the impact of U.S. tariffs on Chinese imports was not expected to be significant for the year, sending shares up 7% after the bell.

The company expects full-year profit to be in the range of $3.30 to $3.50 per share, up from the prior forecast of $3.25 to $3.50 per share.

Total revenue fell 2% to $3.67 billion in the third quarter ended Nov.2, in line with the analysts’ average estimate, according to IBES Refinitiv data. (Reporting by Soundarya J in Bengaluru; Editing by Arun Koyyur)

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