Summary Box: Nordstrom’s 4Q profits rise; offers mixed outlook

Summary Box: Nordstrom’s 4th-quarter

EARNINGS RISE: Nordstrom Inc.’s fourth-quarter profit more than doubled, though the results slightly missed Wall Street forecasts. Sales increased to $2.64 billion from $2.39 billion a year earlier.

POPULAR SELLERS: Higher-priced women’s clothes. Jewelry. Women’s shoes.

MIXED OUTLOOK: Nordstrom said sales at its stores that have been open at least a year will rise a modest 2 percent to 4 percent for the current year. It expects to earn between $2.35 per share and $2.55 per share for the full year. Analysts surveyed by Thomson Reuters on average expect it to earn $1.95 per share.