Nordstrom Earnings: Here’s Why the Stock is Down Now
Nordstrom Inc. (NYSE:JWN) delivered a profit and missed Wall Street’s expectations, AND 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 0.50%.
Nordstrom Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.29% to $0.73 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 1.07% to $2.66 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nordstrom Inc. reported adjusted EPS income of $0.73 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $2.8 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…