Nordstrom Q2 2024 Adj. EPS $0.96 Beats $0.71 Estimate, Sales $3.894B Miss $3.896B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordstrom reported Q2 2024 earnings per share of $0.96, surpassing the expected $0.71, but slightly missed sales estimates with $3.894 billion against the expected $3.896 billion. Sales increased by 3.23% compared to the same period last year.
August 27, 2024 | 8:06 pm
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POSITIVE IMPACT
Nordstrom's Q2 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, the year-over-year sales growth was 3.23%.
Nordstrom's earnings per share significantly beat expectations, which is a positive indicator for the stock. The slight miss in sales is minor and offset by the year-over-year growth, suggesting a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100