Nordstrom Inc. (NYSE: JWN) is seeing the same issue on earnings as other some other retailers. The high-end retailer said earnings were $0.38 EPS. That is a penny under the $0.39 estimate from Thomson Reuters. Its costs were higher than expected at the time that shoppers started spending more. The high-end retailer raised 2009 guidance to $1.83 to $1.88 EPS from a prior range of $1.50 to $1.65 EPS per share. But Thomson Reuters is already at $1.81 EPS. Shares are off on the news over valuations.  This was very active in after-hours trading last night, and this morning at 8:42 AM EST we have shares trading down 4.5% at $32.95 on only about 22,000 shares. In the after-hours session last night we saw some 809,000 shares trade hands and the price went out at $32.86. Average volume per day is about 4.8 million shares and the 52-week trading range is $6.61 to $36.52.
JON OGG
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