Nordstrom's Q2 Profit Soars

Nordstrom reported that net income for its second quarter rose 20 percent to $175 million, compared with $146 million in the year earlier period. Revenue surged 12.4 percent to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3 percent. The department store retailer has raised its profit outlook for the full year.