May 13, 2010 / 9:00 PM / 7 years ago

UPDATE 1-Nordstrom 1st-qtr net rises, but misses Street view

* Q1 EPS 52 cents vs Street view for 55 cents

* Company ups FY'10 EPS view to $2.50-$2.65, Street $2.61

* Sees FY same-store sales up 4 pct-6 pct

* Shares down 1.9 pct after hours

NEW YORK, May 13 (Reuters) - Nordstrom Inc (JWN.N) said its first-quarter net profit rose 43 percent over last year, but it missed analysts' forecasts and shares fell after hours.

The upscale department store operator said its net income was $116 million, or 52 cents per share, for the quarter ended May 1, compared with $81 million, or 37 cents a year ago.

Analysts, on average, had expected a profit of 55 cents per share, according to Thomson Reuters I/B/E/S.

Nordstrom raised its full fiscal year profit forecast to a range of $2.50 to $2.65 per share, from a range of $2.35 to $2.55. The midpoint of that range is below the $2.61 Wall Street analysts had forecast.

Overall sales were up 16.7 percent to $1.99 billion.

Nordstrom expects same-store sales, or sales at stores open at least a year, to be up between 4 percent and 6 percent for its 2010 fiscal year.

Shares were down 80 cents in after hours trading on Thursday after closing at $41.29. (Reporting by Phil Wahba)

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