Nordstrom posts first-quarter profit of $20 million, or 13 cents a share, up from a loss a year ago. Analysts on average expected Nordstrom to report a loss of 5 cents on sales of $3.29 billion. Executives also increased their annual forecast, now expecting sales growth of 6% to 8%, up from 5% to 7%. Shares rose as much as more than 20% in after-hours trading, bouncing around between 10% and 20% higher. The stock has held up amid carnage for many retail clothing chains, falling just 7.5% so far this year as the S&P 500 index has declined 16.1% of its value this year. Nordstrom Inc. has declined . . .
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