Nordstrom beats quarterly income estimates

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© Reuters. FILE PHOTO: The outside of the Nordstrom flagship store is seen during a media preview in New York, U.S., October 21, 2019. REUTERS/Shannon Stapleton

(Reuters) – Nordstrom Inc (NYSE:) beat quarterly revenue estimates on Tuesday, as the roll out of COVID-19 vaccines and fresh government stimulus checks boosted traffic at department stores.

Total revenue rose to $3.01 billion in the first quarter ended May 1 from $2.12 billion a year earlier, beating analysts’ average estimate of $2.90 billion.

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