Nordstrom Posts Earnings Increase, Narrows Forecast Friday, November 11, 11:44 AM ET
JWN) reported a gain in third quarter earnings late yesterday.
Profits at the upscale department store rose to $127 million, or $0.59 per share, from $119 million, or $0.53 per share, in last year's third quarter.
Revenue rose 14.2%, to $2.38 billion, on a 7.9% increase in same-store sales.
Earnings per share met analyst forecasts, although revenue fell short.
Nordstrom says it is now looking for same-store sales growth of 6% for the full year, compared to a prior forecast of 4% to 6% growth.
The company also honed its earnings per share forecast, to $3.05 to $3.10 per share, up $0.10 per share on the low end.
High-end department store rival Saks (
SKS) is due to report earnings next week, while Macy's (NYSE: M) reported earnings this week that beat analyst estimates.
For MarketNewsVideo.com, I'm Sayoko Murase.
Thursday Sector Laggards: Defense, Information Technology Services
Related symbols: ARTX, ASTC, SILC, PFPT
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: HGT, MTR, ANV, MVG
Wednesday Sector Laggards: General Contractors & Builders, Sporting Goods & Activities
Related symbols: MTH, HXM, MANU, WBAI
Thursday's ETF Movers: ITB, KRE
Related symbols: DHI, MHO, TBBK, TCBI, KRE, ITB
IWM, CHII: Big ETF Outflows
Related symbols: IWM, CHII, ARCP, AYI, HOLI
Wednesday's ETF with Unusual Volume: FEMS
Related symbols: FEMS, JASO, DANG, IMOS, XIN
Daily Dividend Report: AAPL, JNJ, PFE, C, V
Related symbols: AAPL, JNJ, PFE, C, V
Daily Dividend Report: CNI, MWE, SXL, CMA, DD
Related symbols: CNI, MWE, SXL, CMA, DD
Daily Dividend Report: MET, SPG, SO, NBL, SYK
Related symbols: MET, SPG, SO, NBL, SYK
Weekly Market Wrap: April 17, 2014
Related symbols: SHW, MS, GS, CSX
Weekly Market Wrap: April 11, 2014
Related symbols: WY, F, LEN
Weekly Market Wrap: April 4, 2014
Related symbols: TJX, PNC, IR, LINE, LNCO
Week Ahead Market Report: April 21, 2014
Related symbols: AMD, FB, ZNGA, AOS, AMGN, T, CMCSA, EAT, IR, BA, AMZN, F, AAN
Week Ahead Market Report: April 14, 2014
Related symbols: SCHW, KO, BAC, GS
Week Ahead Market Report: April 7, 2014
Related symbols: AA, BBBY, STZ, RAD, FAST
All videos » |
Stock market definitions »
Nordstrom Posts Earnings Increase, Narrows Forecast
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.