SEATTLE (AP) _ Nordstrom Inc. (JWN) on Tuesday reported a fiscal second-quarter loss of $255 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Seattle-based company said it had a loss of $1.62.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.47 per share.
The department store operator posted revenue of $1.86 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.32 billion.
Nordstrom shares have declined 62% since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 7%. In the final minutes of trading on Tuesday, shares hit $15.54, a decrease of 46% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JWN at https://www.zacks.com/ap/JWN
Automated Insights, source Associated Press News