Actionable news
All posts from Actionable news
Actionable news in JWN: NORDSTROM Inc,

Nordstrom (JWN) Stock Sinks After-Hours on Q1 Earnings Miss

Updated from 4:27 PM EDT

NEW YORK (TheStreet) -- Nordstrom (JWN - Get Report) stock is retreating 17.09% to $37.50 in after-hours trading on Thursday after the company delivered disappointing fiscal 2016 first quarter financial results, driven by higher markdowns and weak sales.

The Seattle-based retailer reported earnings of 26 cents per share for the quarter ended April 30, significantly below estimates of 46 cents per share.

Revenue increased year over year to $3.25 billion, but below projections for $3.28 billion.

Comparable store sales dropped 1.7% for the quarter, while JPMorgan analysts...