Shares of Nordstrom are in the Spotlight After Earnings Beat
Nordstrom shares did not benefit from the company's better than expected third quarter results.
Nordstrom (JWN) - Get Report shares were relatively flat Friday morning despite reporting stronger than expected third quarter results. Nordstrom reported a 7.2% increase in total sales to $3.54 billion, topping analysts' expectations for the period. Earnings of $0.84 a share easily topped Wall Street's expectations. Same store sales rose 2.4% year over year, matching analysts' expectations while the company's off-price Nordstrom Rack segment reported nearly 4% same store sale growth.
