Nordstrom Q2 Earnings: Top and Bottomline Beat Estimates, Issues Guidance
Portfolio Pulse from Ryan Gustafson
Nordstrom, Inc. (NYSE:JWN) reported Q2 earnings of 84 cents per share, beating the analyst consensus estimate of 45 cents. The company also reported quarterly sales of $3.77 billion, surpassing the analyst consensus estimate of $3.65 billion. However, net sales decreased by 8.3%, and the company's shares are trading lower in the after-hours session. Nordstrom also issued full-year 2023 earnings guidance of between $1.80 and $2.20 per share.
August 24, 2023 | 9:15 pm
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Nordstrom's Q2 earnings and sales beat estimates, but shares are trading lower after hours. The company also issued full-year 2023 earnings guidance.
Despite beating Q2 earnings and sales estimates, Nordstrom's shares are trading lower after hours. This could be due to the decrease in net sales reported by the company. The issued full-year 2023 earnings guidance could also be influencing the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100