Nordstrom Q1 Adj EPS $(0.24) Misses $(0.07) Estimate, Sales $3.22B Beat $3.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordstrom (NYSE:JWN) reported a Q1 adjusted EPS loss of $(0.24), missing the $(0.07) estimate by a significant margin. However, sales of $3.22 billion slightly beat the $3.20 billion estimate.
May 30, 2024 | 8:06 pm
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Nordstrom reported a Q1 adjusted EPS loss of $(0.24), significantly missing the $(0.07) estimate. However, sales of $3.22 billion slightly beat the $3.20 billion estimate. This mixed result may lead to short-term volatility in the stock price.
The significant miss on EPS is likely to weigh heavily on investor sentiment, despite the slight beat on sales. This mixed result could lead to short-term volatility, with a likely downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100