Nordstrom shares set to dip as guidance held steady
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Nordstrom shares are expected to dip slightly as the company reported third-quarter earnings that exceeded expectations but kept its guidance unchanged.
November 27, 2024 | 2:00 pm
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Nordstrom reported Q3 earnings with adjusted EPS of $0.33 and $3.46 billion in revenue, both ahead of expectations. However, the company's decision to keep guidance unchanged led to a slight dip in share prices after hours.
Despite Nordstrom's better-than-expected earnings, the unchanged guidance suggests no anticipated growth acceleration, leading to a slight negative reaction in the stock market.
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