Nordstrom, Inc. Falls on Decreased Guidance (JWN)

Shares of Nordstrom, Inc. JWN are trading lower in the after-hours following the release of its Q1 earnings results. Currently, shares are off by 2.73%, trading at $47.83. They closed the regular session higher by 0.97%, at $49.17. Nordstrom, Inc. reported Q1 EPS of $0.65 on revenues of $2.23 billion. Q1 same store sale increased 6.5%. The company cut its FY 2011 EPS to $2.80-2.95, from $2.95-3.10; it also sees FY 2011 same store sales up 2-4%. Nordstrom, Inc. is a fashion specialty retailer. As of March 19, 2010, the company operated 187 stores located in 28 states in the United States. The company operates in four segments: Retail Stores, Direct, Credit and Other. The Retail Stores segment includes its 112 Nordstrom full-line stores, 72 off-price Nordstrom Rack stores, two Jeffrey boutiques, and one clearance store that operates under the name Last Chance.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsGuidanceAfter-Hours CenterConsumer DiscretionaryDepartment Stores
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!