Nordstrom Tops Q4 EPS Estimates but Shares Fall as Guidance

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Nordstrom (NYSE:JWN) reported Q4 EPS of $1.04, better than the consensus estimate of $1.00 per share. Revenue totaled $2.82 billion, above the average analyst estimate of $2.81 billion. Q4 comp sales rose 6.7% year-over-year.The company said it sees full-year same-store sales up 204% and sees EPS of $2.95-$3.10. Analysts were expecting EPS of $3.06.Nordstrom also announced that it was acquiring HauteLook for $180 million. Nordstrom President Blake Nordstrom said, "We are excited to partner with HauteLook as we believe this acquisition further enhances our focus on serving customers online in new and compelling ways. While our focus on providing a superior in-store shopping experience is our roots, continuing to find ways to use technology to serve customers the way they want to be served is critical. This partnership gives Nordstrom and HauteLook shared growth opportunities as online shopping evolves."Shares of Nordstrom are down 3% in late trade following the earnings announcement.