Market Overview

Nordstrom, Inc. Falls 7% After Missing Wall Street Expectations

Related JWN
Can You Guess This Chart?
Guggenheim Initiates Coverage On 21 Retail Stocks
Longtime CFO at Nordstrom to resign (Seeking Alpha)

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.

Posted-In: Earnings News Guidance After-Hours Center Movers


Related Articles (JWN)

View Comments and Join the Discussion!