Nordstrom Q4 Revenue Miss, Outlook Sends Stock Plunging in After-Hours Trading
Department-store chain Nordstrom (NYSE: JWN), one of the few bright spots of the so-called retail apocalypse, is showing that it's still not entirely immune to the industry's headwind. Although the company beefed up its top line, profits fell, and both sales and profits fell short of analyst estimates.
During its fourth fiscal quarter ending in early February, Nordstrom's sales of $4.44 billion improved on the year-ago comparable figure of $4.38 billion. Earnings of $1.23 came in well below earnings of $1.48 achieved in the same quarter a year earlier. Even adding back in the accounting charge of $0.19 per share would have left the retailer's bottom line down slightly on a year-over-year basis.
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Source Fool.com
