Nordstrom Inc (NYSE:JWN) saw its shares dip further in premarket trade after posting disappointing third quarter results.
The company had on Thursday, unveiled its third quarter numbers which saw comparable-store sales come in below market expectations while sales fared no better.
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The retailer said it earned US$114mln or 67 US cents a share, compared with a loss of US$10mln or 6 US cents a share a year ago.
Revenue during the period rose to US$3.54bn, from US$3.47bn a year ago.
The market was expecting earnings of 64 US cents a share on sales of US$3.57bn. Comparable-store sales fell 0.9%, against Wall Street’s expectations of a decline of around 0.3%.
Nordstrom however maintained its guidance for a flat comparable sales for the fiscal 2017 and but lowered the upper limit of its forecast for 2017 per-share earnings to between US$2.85 - US$2.95 share.
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It had previously guided for an annual EPS of US$2.85 - US$3.00.
In premarket trade, its shares dipped 1.07% at US$39.60.