Nordstrom Down 3.3% Despite Beating Estimates (JWN)

Shares of Nordstrom Inc. JWN are currently down 3.3% at $40.47 per share during Tuesday afternoon trading. Today's trading range for shares of Nordstrom Inc has been between $39.92 and $41.48 per share. The consensus price target of analysts covering the company's stock is $44.47 per share. Volume of 3.7 million shares is already past the daily average volume of 3.5 million shares. Nordstrom Inc. (JWN) released financial results after the market closed on Monday that barely beat Wall Street estimates. Nordstrom Inc reported 3rd quarter earnings of 53 cents per share, on revenue of $2.09 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 52 cents per share, on revenue of $2.07 billion. Nordstrom Inc forecast full-year EPS of $2.60 to $2.65. Read more from Benzinga's Company news.