Nordstrom Shares Plunge 11% on Revenue Miss & Record Level of Theft
<p><a href='https://financialmodelingprep.com/financial-summary/JWN'>Nordstrom (NYSE:JWN)</a> shares dropped more than 11% intra-day today after the company announced its Q2 results, with revenue of $3.62 billion, lower than the Street estimate of $3.68 billion. Earnings per share (EPS) was $0.81, surpassing the analyst estimate of $0.45.</p>
<p>The company expressed worries regarding credit card payment delays and inventory loss due to theft, a concern echoed by numerous other retailers.</p>
<p>In terms of guidance, Nordstrom reconfirmed its revenue and adjusted earnings outlook for the full year. For fiscal year 2024, the company projects an EPS range of $1.80 to $2.20, in contrast to the Street estimate of $1.99.</p>

NYSE:JWN