Nordstrom is proving its Wall Street detractors wrong, says TheStreet’s Jim Cramer. The Seattle-based department store posted adjusted earnings of $0.67 a share, surpassing analysts’ estimates of $0.56 a share. Revenue decreased 0.2 percent to $3.65 billion year-over-year and was below Wall Street’s projections of $3.68 billion. Comparable-store sales declined 1.2 percent during the quarter. Analysts were expecting a decline of more than three percent. Results were driven by the strength of Nordstrom’s Anniversary Sale, which the company said ‘performed better than recent trends.’
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