Why Shares of Nordstrom Are Down Again Today
Shares of upscale department-store chain Nordstrom (NYSE: JWN) were down again on Thursday as investors continued to digest disappointing holiday-season earnings and lackluster guidance for the year ahead.
As of 12:30 p.m. EST, Nordstrom's shares were trading down about 8% from Wednesday's closing price.
Nordstrom's result for the quarter that ended on Jan. 31 wasn't a disaster, but it wasn't up to Wall Street's expectations. Adjusted earnings per share of $1.42 were down 4.1% from the year-ago period and short of Wall Street's consensus $1.48-per-share estimate.
Source Fool.com
