• Nordstrom beats and raises guidance - but shares are down 6% as comp sales miss

    3 monthes ago - By Business Insider

    Nordstrom beat on both the top and bottom lines.
    The retailer also raised its full year guidance.
    But shares are falling 6% after comparable sales missed.
    Watch Nordstrom trade in real-time here.
    Nordstrom is down 6% in after-hours trading Thursday after first-quarter comparable sales missed Wall Street estimates.
    The retailer said comparable same-store sales increased 0.7% at its full-priced stores, missing the 1% gain that analysts were expecting. Comp sales rose 0.4% at its off-price stores such as Nordstrom Rack and Last Chance clearance stores.
    But the rest of the report looked good...
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  • Nordstrom beats 1Q expectations

    Nordstrom beats 1Q expectations

    3 monthes ago - By Chron

    SEATTLE - Nordstrom is reporting better-than-expected results for the first quarter.
    The Seattle-based department store chain earned $87 million, or 51 cents per share, on revenue of $3.56 billion.
    That beat the average Street estimate for earnings per share of 42 cents on revenue of $3.47 billion, according to Zacks Investment Research.
    Nordstrom expects full-year earnings to be $3.35 to $3.55 per share, with revenue in the range of $15.2 billion to $15.4 billion.
    In after-hours extended trading, Nordstrom shares slid nearly 6 percent to $47.89.
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