* Q2 EPS $0.80 vs year-ago $0.66
* Now sees FY 2011 EPS $2.95-$3.10 vs $3.05 Street View
* Now sees FY 2011 comp sales up 4 pct-6 pct
* Shares up 3.6 percent in after-hours trading
NEW YORK, Aug 11 Upscale retailer Nordstrom Inc
(JWN.N) raised its full-year profit and same-store sales
outlook, and reported a higher-than-expected quarterly profit
that was helped by more full-price selling.
Its shares rose nearly 4 percent in after-hours trading.
Nordstrom said it now expects fiscal 2011 earnings per
share of between $2.95 and $3.10, compared with an earlier
range of $2.80 to $2.95. That compares with $3.05 expected on
average by Wall Street analysts, according to Thomson Reuters
The department store chain said it now expects fiscal 2011
sales at stores open at least one year to rise 4 percent to 6
percent, up from an earlier range of 2 percent to 4 percent.
Nordstrom's net income for the quarter, ended on July 30,
rose 19.9 percent to to $175 million, or 80 cents per share.
That beat Wall Street expectations of 74 cents per share.
As previously reported, total retail sales were up 12.4
percent to $2.72 billion, while sales at stores open at least
one year increased 7.3 percent.
Shares were up $1.52 to $43.85 in after-hours
(Reporting by Phil Wahba; Editing by Steve Orlofsky)