Nordstrom Expects Lower Earnings
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From Bloomberg News
Nordstrom Inc. said its fiscal first-quarter earnings would be less than forecast because sales had slowed since the war in Iraq began.
Nordstrom didn’t provide a specific estimate for the quarter ending April 30. The firm’s original projection was for net income of 23 to 27 cents a share.
Shares of Seattle based-Nordstrom dropped $1.12 to $16.20 on the NYSE.
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