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Nordstrom (JWN) Beats Q1 Earnings & Revenue Estimates, Comps Up Just 0.6%

Nordstrom JWN just released its first quarter financial results, posting adjusted earnings of $0.51 per share and revenues of $3.56 billion.

Nordstrom is currently a Zacks Rank #2 (Buy), which is subject to change based on today's results. Shares of Nordstrom are up 25% over the last year and have climbed nearly 8% in the last four weeks. The department store's stock also popped 0.49% on Thursday to hit $50.93 per share prior to the release of its quarterly earnings results.

Nordstrom stock is currently down 6.32% to $47.69 per share in after-hours trading shortly after its earnings report was released.

JWN :

Beat earnings estimates . The company posted adjusted earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share.

Beat revenue estimates . The company saw revenue figures of $3.56 billion, topping our consensus estimate of $3.47 billion.

Nordstrom saw its quarterly revenues climb by roughly 6% from $3.35 billion in the year-ago period. Meanwhile, the department store's Q1 comparable store sales grew just 0.6%.

Nordstrom also noted that it has opened eight total stores in fiscal 2018, while only closing one location. Looking ahead, the company called for full-year revenue to fall between $15.2 billion and $15.4 billion, which falls below our current consensus estimate of $15.8 billion.

Here's a graph that looks at JWN's Price, Consensus and EPS Surprise history:

Nordstrom, Inc. Price, Consensus and EPS Surprise

Nordstrom, Inc. Price, Consensus and EPS Surprise | Nordstrom, Inc. Quote

Check back later for our full analysis on JWN's earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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