Nordstrom Earnings: Here’s Why Investors are Selling Shares Now
Nordstrom Inc. (NYSE:JWN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3%.
Nordstrom Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24% to $0.93 in the quarter versus EPS of $0.75 in the year-earlier quarter.
Revenue: Rose 3.16% to $3.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nordstrom Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $3.29 billion.
Key Stats (on next page)…