NORDSTROM CRUSHES EARNINGS, STOCK SURGES 11%

Nordstrom crushed earnings on Thursday, capping off a strong day for the retail industry.
The high-end department store reported unadjusted earnings of $0.67 per share against analyst expectations of $0.57 a share. Revenue fell just a bit short at $3.65 billion versus projections of $3.68 billion.
Sales fell -1.2%, but that was less than analysts expectations of a -2.6% drop.
"Over the past several quarters, our team has been actively addressing our inventory, expense and capital,