Nordstrom, Inc. (NYSE:JWN) saw its shares drop in pre-market trade despite unveiling fourth quarter results that came above market expectations.
The retailer said in the fourth quarter, its net income stood at US$151mln, a 33% dip from the figure posted a year ago.
READ: Nordstrom shares ease premarket after disappointing third quarter results
Revenues rose 8.4% to US$4.6bn, beating the market consensus for US$4.5 billion.
Same-store sales rose 2.6%, soundly beating the forecast for a 1.0% growth.
Earnings per share were 89 US cents, with a tax charge of 25 US cents per share and a one-time pretax investment in employees of 6 US cents per share.
The total of US$1.20 however missed analysts’ expectations for US$1.24.
Nordstrom highlighted the record sales of US$15.1bn in the full year and a customer growth of 4%.
It sees net sales of US$15.2bn - US$15.4bn for fiscal 2018 and EPS of US$3.30 to US$3.55.
In early trade, its shares were down 2.34% at US$49.27.