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Nordstrom Shares Plunge After Profit Misses Analysts' Estimates

Nordstrom Inc. fell as much as 18 percent in late trading after missing third-quarter earnings estimates and cutting its annual forecast, renewing concerns about a slump in the department-store industry.

Profit amounted to 42 cents in the period ended Oct. 31, Nordstrom said in a statement Thursday. Excluding some items, the earnings came to 57 cents. Analysts had projected 72 cents on average, according to data compiled by Bloomberg.

Nordstrom follows Macy’s Inc. in reporting disappointing...


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