Nordstrom just gave an ugly outlook, shares crater (JWN)
Associated Press
Nordstrom reported fourth-quarter revenues and earnings below expectations on Thursday, with weak guidance. The shares tanked as much as 7% in after-hours trading.
As part of its fourth-quarter earnings announcement, the upscale fashion retailer said it expects full-year adjusted earnings per share (EPS) of between $3.10 and $3.35, but analysts had expected up to $3.55, according to Bloomberg.
This projection was made "in response to current sales trends," according to Nordstrom. Читать дальше...