Nordstrom shares are trading higher after the company reported better-than-expected Q1 EPS results and issued guidance.
Portfolio Pulse from Benzinga Newsdesk
Nordstrom reported better-than-expected Q1 EPS results and issued guidance, leading to a rise in its share prices.
June 01, 2023 | 1:00 pm
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POSITIVE IMPACT
Nordstrom's Q1 EPS results exceeded expectations and the company issued guidance, resulting in higher share prices.
Nordstrom's better-than-expected Q1 EPS results indicate strong financial performance, which is a positive signal for investors. The issuance of guidance further boosts investor confidence, leading to an increase in share prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100