Investing.com - Nordstrom (NYSE:JWN) reported first quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $-2.13 on revenue of $2.12B. Analysts polled by Investing.com forecast EPS of $-1.04 on revenue of $2.38B. That compared to EPS of $0.23 on revenue of $3.44B in the same period a year earlier. The company had reported EPS of $1.42 on revenue of $4.54B in the previous quarter.
Nordstrom shares gained 2.43% to trade at $18.54 in after-hours trade following the report.
Nordstrom shares gained 2.43% to trade at $18.54 in after-hours trade following the report.
For the year, Nordstrom shares are down 55.78%, under-performing the S&P 500 which is down 6.64% year to date.
Nordstrom follows other major Services sector earnings this month
On Thursday, April 30, 2020, Amazon.com reported first quarter EPS of $5.01 on revenue of $75.45B, compared to forecasts of EPS of $6.16 on revenue of $73.74B.
Alibaba ADR earnings beat analyst's expectations on Friday, May 22, 2020, with fourth quarter EPS of $9.2 on revenue of $114.31B. Investing.com analysts expected EPS of $6.23 on revenue of $107.71B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar