United States  

Trusted News Discovery Since 2008
One News Page
> >

Here's What Nordstrom Is Doing Right When It Comes to Stores

Video Credit: The Street - Duration: 01:33s - Published < > Embed
Here's What Nordstrom Is Doing Right When It Comes to Stores

Here's What Nordstrom Is Doing Right When It Comes to Stores

Real Money stock of the day, Nordstrom , posted stronger-than-expected third-quarter earnings and boosted its full-year profit outlook as its focus on digital shopping offset a slump in full-price product sales.

Nordstrom earned 81 cents a share in the quarter, up from 39 cents a year earlier and well ahead of analysts' forecasts of 63 cents.

Revenue fell to $3.67 billion from $3.75 billion but matched expectations.

Nordstrom said it doesn't expect tariffs on China-made imports to have a material effect on its fiscal 2020 earnings, and it nudged the lower end of its prior guidance 5 cents higher to a range of $3.30 to $3.50 a share while adding 10 basis points to its EBIT margin forecast.

Net sales are still expected to fall around 2% from last year, the retailer said.

"JWN could have a strong day Friday and finish back above the 50-day and 200-day moving averages," wrote Bruce Kamich, Real Money's technical analyst, about Nordstrom.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.