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.
Tuesday Sector Laggards: Paper & Forest Products, Biotechnology Stocks
Related symbols: RTK, ASPN, CDTX, MNTA
Tuesday Sector Leaders: Shipping, Hospital & Medical Practitioners
Related symbols: SBLK, GNK, CYH, KND
Friday Sector Laggards: Precious Metals, Construction Stocks
Related symbols: AUY, HBM, GVA, MTZ
Tuesday's ETF with Unusual Volume: PBS
Related symbols: PBS, SIRI, FB, SNI, NCMI
Tuesday's ETF Movers: ILF, IBB
Related symbols: CIG, VALE, TRVN, AMPH, IBB, ILF
IWM, GASX: Big ETF Outflows
Related symbols: IWM, GASX, AMD, MSCC
Daily Dividend Report: HD, NEE, AET, WMB, PEG, GPC
Related symbols: HD, NEE, AET, WMB, PEG, GPC
Daily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Related symbols: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Daily Dividend Report: KO, CSCO, SHW, KHC, OXY, PCG, SWK
Related symbols: KO, CSCO, SHW, KHC, OXY, PCG, SWK
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Nordstrom Posts Earnings Increase, Narrows Forecast
| Market News Video | Copyright © 2008 - 2017, 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.