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Nordstrom, Inc. (NYSE: JWN) reported fiscal first-quarter financial results after markets closed Thursday. The company reported $0.43 in earnings per share (EPS) and $3.3 billion in revenue versus consensus estimates from Thomson Reuters that called for $0.27 in EPS and $3.34 billion in revenue. The same period from last year had $0.26 in EPS and $3.25 billion in revenue.

Total net sales increased 2.7% and comparable sales decreased 0.8%, compared with last year. This was consistent with trends experienced over the past year. Online sales made up 24% of total net sales, driven by 11% growth at Nordstrom.com and 19% at Nordstromrack.com/HauteLook.

In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, decreased 1.7% and comparable sales decreased 2.8%.

In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 8.7% and comparable sales increased 2.3%.

Through the partnership with TD Bank, credit card revenues increased 17% during this quarter.

In the quarter, Nordstrom repurchased 4.6 million shares of its common stock for $206 million. A total capacity of $414 million remains available under its existing share repurchase board authorization.

In terms of its outlook, Nordstrom expects to see EPS in the range of $2.75 to $3.00 and net sales increase by 3% to 4% with flat comparable sales. The consensus estimates are calling for $2.92 in EPS and $15.27 billion in revenue.

On the books, cash and cash equivalents totaled $653 million at the end of the quarter, versus $470 million in the same period from last year.

Shares of Nordstrom closed Thursday down 7.6% at $46.23, with a consensus analyst price target of $47.04 and a 52-week trading range of $35.01 to $62.82. Following the release of the earnings report, the stock was initially down about 5% at $43.97 in the after-hours trading session.