UPDATE 1-Nordstrom expects same-store sales to rise in 2012
* Sees FY EPS $3.30-$3.45 vs Street View $3.59
* Sees FY same-store sales up 4-6 percent
* Q4 EPS $1.11 vs Street View $1.09
Feb 16 (Reuters) - Upscale department store operator Nordstrom Inc reported a higher than expected quarterly profit, helped by strong sales over the holidays, and forecast another year of same-store sales gains.
But Nordstrom, which tends to give conservative forecasts, said it expects earnings of $3.30 to $3.45 per share for the fiscal year ending next January, below the $3.59 per share expected on average by Wall Street analysts, according to Thomson Reuters I/B/E/S.
The department store chain forecast sales at stores open at least one year would rise about 4 percent to 6 percent this fiscal year. Last fiscal year, they rose 7.2 percent.
Nordstrom's net income for the quarter, ended on Jan. 28 edged up to $236 million, or $1.11 per share, from $232 million, or $1.04 a year earlier. That was above the $1.09 per share analysts were expecting, according to Thomson Reuters I/B/E/S.
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