Nordstrom down on lower outlook

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Revenues Also Fall Short of Estimates

The department-store operator reported second-quarter earnings of $0.93 per share, beating the consensus estimate of $0.88 EPS, but revenues came up short at $3.2 billion versus the expected $3.29 billion. Nordstrom also lowered the range for its full-year sales outlook to $3.60 to $3.70 from its previous estimate of $3.65 to $3.80. JWN is down 2.66 percent to $57.75 on tradeMONSTER's extended-hours platform.


Applied Materials Misses Earnings Target

The semiconductor-equipment manufacturer last night reported adjusted quarterly earnings of $0.18 per share, missing the consensus estimate of $0.19. Revenues also fell short, coming in at $1.98 billion versus the $2.06 billion that had been expected. Applied Materials is also forecasting adjusted earnings of $0.16 to $0.20 per share for the current quarter, below the $0.21 that analysts had been looking for. The company also named a new CEO. AMAT has cut its pre-market losses and is now down less than 1 percent to $15.21.


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