|Bid||51.61 x 900|
|Ask||51.64 x 1800|
|Day's Range||49.83 - 52.52|
|52 Week Range||40.32 - 67.75|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||16.84|
|Earnings Date||May 9, 2018 - May 14, 2018|
|Forward Dividend & Yield||1.48 (2.26%)|
|1y Target Est||61.17|
Nordstrom reported earnings that fell short of expectations after taking $72 million charge for customer credit card refunds.
shares tumbled Friday after the retailer posted weaker-than-expected same store sales for its fiscal third quarter and said it would need to repay more than $70 million to customers overcharged on store credit cards. Nordstrom said sales in store open more than one year rose 2.3% in the three months ending on October 28, but noted the "full-price" sales were only up 0.4% from the same three-month period last year. Nordstrom also said it sees Christmas quarter sales rising around 2% from last year, and net full-year revenues of around $15.6 billion after hitting $3.748 billion in the October end quarter.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Friday and Wall Street declined on weakness in the semiconductor sector. Nvidia Corp. dropped almost 19% after the chipmaker posted third-quarter adjusted earnings and revenue below estimates and the company issued weaker-than-expected fourth-quarter guidance.
The biggest concerns for analysts centered on weaker-than-expected gross margin and full-price comparable store sales, as well as a credit card issue that resulted in a one-time charge. The disappointment followed letdowns by department-store peers Macy’s Inc. and Dillard’s Inc. earlier this week. “While a 3Q shortfall in full price comps and gross margins was disappointing, we believe a significant portion of the miss was driven by” issues including calendar/timing shifts as well as outperformance in the U.S. off-price business, which is a headwind to gross margins.
Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes
Nasdaq futures fell more than 1 percent on Friday, as disappointing forecasts from chip companies Nvidia and Applied Materials battered the technology sector and fueled further worries about a chip boom that maybe grinding to a halt. Nvidia Corp shares fell 18.2 percent in premarket trading after the chip designer blamed unsold chips piling up as the cryptocurrency mining boom fizzles out.
Here are some of the companies with shares expected to trade actively in Friday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Also, Nordstrom is the latest retailer to get crushed after releasing earnings, while Nvidia highlights the continued problems facing chip makers.
As of November 13, Kohl’s (KSS) stock price has risen 47.8% on a YTD (year-to-date) basis to $80.15. A strong financial performance and strategic initiatives gaining traction are driving the stock. In the first quarter and second quarter, Kohl’s beat the top and bottom-line estimates. Kohl’s is scheduled to report its third-quarter results on November 20.
Nordstrom (JWN) posts solid results in third-quarter fiscal 2018. Management remains on track to perform well in fiscal 2018, courtesy of its strategic initiatives.
COO Sheryl Sandberg responded to a New York Times report that alleged the company ignored and then attempted to cover up how Russia used Facebook to disrupt the 2016 U.S. election. PG&E PCG – The utility may get government aid to avoid financial catastrophe, after California's top utility regulator Michael Picker told analysts and shareholders his agency does not want PG&E to file for bankruptcy protection.
A robust labor market, steadily rising wages and strong household finances resulted in a surge in household spending across the United States.
Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results. Nordstrom beat analysts’ third-quarter estimates, but its revenue guidance for 2018 was lower than expected.
As of November 13, Kohl’s was trading at a 12-month forward PE multiple of 13.9x. In contrast, Nordstrom (JWN) is trading at a 12-month forward PE multiple of ~17.1x. However, Macy’s (M) and Dillard’s (DDS) are trading at 12-month forward PE multiples of 9.7x and 12.4x, respectively, as of November 13.
Shares of Nordstrom Inc. slid in after-hours trading Thursday after the department store retailer issued weak guidance for the full year. The Seattle-based company said it had third-quarter net income ...
Nordstrom stock (NYSE:JWN) was down more than 9% after the bell as the company reported its latest quarterly earnings results, which were mixed as its earnings were below what analysts were calling for, while its revenue was better than what Wall Street expected. Analysts were calling for Nordstrom to bring in earnings of 67 cents per share. For its fiscal year, Nordstrom is now calling for net sales in the range of $15.5 billion to $15.6 billion, which is stronger than its previous net sales forecast of $15.4 billion to $15.5 billion.
Investing.com - Nordstrom (NYSE:JWN) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.