Nordstrom Stock Rallies On Strong Q2 Earnings: Details
Portfolio Pulse from Erica Kollmann
Nordstrom, Inc. (NYSE:JWN) reported strong Q2 earnings, with EPS of 96 cents beating estimates by 35.21%. Sales were slightly below expectations but increased year-over-year. The company saw growth in digital sales and Nordstrom Rack, and improved gross profit margins. Shares rose 8.33% after-hours.
August 27, 2024 | 8:37 pm
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Nordstrom reported Q2 earnings of 96 cents per share, beating estimates by 35.21%. Sales were slightly below expectations but increased year-over-year. The company saw growth in digital sales and Nordstrom Rack, and improved gross profit margins. Shares rose 8.33% after-hours.
Nordstrom's Q2 earnings exceeded expectations, which is a positive indicator for investors. The growth in digital sales and Nordstrom Rack, along with improved profit margins, suggests operational strength. The after-hours stock price increase of 8.33% reflects investor confidence in the company's performance and outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100