Rack lifts sales while Nordstrom misses Wall Street's earnings expectations.

• Nordstrom missed quarterly estimates but stuck by its full-year forecast.
• The company's off-price chain Rack outperformed its banner stores.
• The Nordstrom family is considering taking the company private.

Wall Street's quarterly earnings expectations were not met by the company on Thursday, but its off-price chain, Rack, exceeded the performance of the other stores.

The Seattle-based department store operator remained committed to its full-year forecast, despite the miss.

Based on a survey of analysts by LSEG, the retailer's reported results differed from Wall Street's expectations.

• Loss per share: 24 cents vs. 8 cents expected
• Revenue: $3.34 billion vs. $3.20 billion expected

Nordstrom shares slid about 7% in extended trading.

Nordstrom Rack, the off-price chain of Nordstrom, had the best performance in the quarter with a 7.9% increase in comparable sales year over year. Meanwhile, the company's main brand also saw a 1.8% rise in sales.

Nordstrom anticipates full-year revenue will be in a range of a 2 percent decline to 1 percent growth from the prior year, while the chain reaffirmed that it expects earnings of $1.65 to $2.05 for the full fiscal year.

In the first quarter of the current fiscal year, Nordstrom recorded a net loss of $39 million, which is lower than the net loss of $205 million in the previous year. Additionally, the company's revenue increased to $3.34 billion from $3.18 billion in the previous year.

The Nordstrom family is once again considering taking the company private, as they did last month when they formed a special committee to evaluate bids.

To attract younger customers, Nordstrom, similar to its department store competitors, is making an effort.

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