Nordstrom (JWN) Tops Q2 EPS by 36c; reaffirms
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Nordstrom (JWN) shares slide after revenue disappoints
August 25, 2023 8:40 AM EDTNordstrom (NYSE: JWN) shares are down premarket Friday after missing second-quarter sales expectations.
Revenue for the quarter came in at $3.62 billion, below the consensus estimate of $3.68 billion. In addition, net sales decreased 8.3% versus the same period in fiscal 2022. However, the company reported earnings of $0.81 per share, $0.36 better than the analyst estimate of $0.45.
JWN shares are down around 1% premarket, adding to its more than % decline on Thursday.
"We've worked hard to improve our operating model, and our... More
