The street is buzzing about Nordstrom, Inc.’s (NYSE:JWN) second quarter earnings results shared after the regular trading session ended.
The establishment revealed an adjusted income of $0.96 per share for the quarter, gone beyond the street estimated $0.71 profit per share.
Meanwhile, revenues for the quarter amounting to $3894 million, did not meet wall street estimated $3895.51 million.
Comparing to the similar quarter of previous year the earnings per share improved 14.29 percent, and revenues accelerated 3.23 percent.
Looking forward, The firm has outlined fiscal year 2024 earnings target ranging from $1.75 to $2.05 per share.
A revision has been made by The firm to its revenue forecast for fiscal year 2024. The previous range of $14.40 to $14.84 billion has been adjusted to a newly estimated range of $14.55 to $14.84 billion.
In contrast financial analysts on Wall Street foresee earnings of $1.75 per share from revenues of $14.84 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | EPS | $1.75~$2.05 | $1.75 | 8.6% |
| REV | $14.55 B~$14.84 B | $14.84 B | -1% |
*Based on mid-point
Nordstrom (JWN) closed Tuesday’s regular trading session at $21.14, showing a 2.45 percent drop. During the day, JWN shares traded between $20.92 and $21.45, with a day volume of 5.47 million shares.
