Nordstrom Q2 EPS $0.84 Beats $0.45 Estimate, Sales $3.77B Beat $3.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordstrom (NYSE:JWN) reported Q2 earnings of $0.84 per share, beating the analyst consensus estimate of $0.45 by 86.67%. This is a 3.7% increase from the same period last year. The company also reported quarterly sales of $3.77 billion, beating the analyst consensus estimate of $3.65 billion by 3.34%. However, this is a 7.89% decrease from the same period last year.
August 24, 2023 | 8:06 pm
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NEUTRAL IMPACT
Nordstrom's Q2 earnings and sales beat estimates, which could positively impact the stock in the short term. However, the decrease in sales YoY might temper this positive impact.
Nordstrom's Q2 earnings beat estimates, which is typically a positive signal for the stock. However, the decrease in sales YoY could be a concern for investors, potentially tempering the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100