Nordstrom, Inc. Falls 7% After Missing Wall Street Expectations
Nordstrom, Inc. (NYSE: JWN) shares fell 7 percent in post-market action Thursday after reporting revenue and earnings shortfalls.
The company reported fourth-quarter adjusted EPS of $1.17 against Wall Street expectations of $1.22.
Sales of $4.19 billion came short of analyst consensus of $4.22 billion.
The high-end retailer had done little to nurture investor confidence coming into the report, declining to issue a holiday sales report to the chagrin of analysts.
Nordstrom adjusted its 2016 guidance, expecting an EPS of $3.10 to $3.35 versus earlier consensus of $3.37.
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