Nordstrom Down 3% on Disappointing Earnings and Guidance

Nordstrom

is trading lower on the session followings its Q1 earnings announcement. the company reported an EPS of $0.70 vs $0.75 estimates and revenues of $2.54 billion vs $2.52 billion estimates. Nordstrom guided FY12 EPS $3.3-3.45 vs $3.49 estimates and guides Q1 revenue $2.63 billion vs $2.6 billion estimates. The shares of Nordstrom are currently trading at $51.94, a loss of $1.59 or 2.97%.