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Nordstrom Inc. (JWN) Beats Q2 Earnings, Soars 12% on Strong Performance
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Nordstrom Inc. (JWN - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.67 per share and revenue of $3.65 billion.
Currently, Nordstrom has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key facts from this just announced report below.
Nordstrom:
1. Beat earnings estimates. The company posted earnings of $0.67 per share, beating our Zacks Consensus Estimate of $0.55.
2. Met revenue estimates. The company saw revenue figures of $3.65 billion, meeting our estimate of $3.65 billion.
3. "Over the past several quarters, our team has been actively addressing our inventory, expense and capital, and in the second quarter, made substantial progress by bringing down inventory in-line with sales," said Blake Nordstrom, co-president of Nordstrom, Inc. "Those efforts, along with the strength of our Anniversary Sale and a great response from customers to that event, drove better than expected results for the second quarter."
4. Total Company net sales of $3.6 billion for the second quarter decreased 0.2 percent compared with net sales of $3.6 billion during the same period in fiscal 2015. Total Company comparable sales for the second quarter decreased 1.2 percent.
5. JWN was up $5.71, or 12%, to $53.27 as of 4:09 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Nordstrom’s latest earnings performance:
Nordstrom, Inc. is a fashion specialty retailer, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
Check back later for our full analysis on Nordstrom’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
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Nordstrom Inc. (JWN) Beats Q2 Earnings, Soars 12% on Strong Performance
Nordstrom Inc. (JWN - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.67 per share and revenue of $3.65 billion.
Currently, Nordstrom has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key facts from this just announced report below.
Nordstrom:
1. Beat earnings estimates. The company posted earnings of $0.67 per share, beating our Zacks Consensus Estimate of $0.55.
2. Met revenue estimates. The company saw revenue figures of $3.65 billion, meeting our estimate of $3.65 billion.
3. "Over the past several quarters, our team has been actively addressing our inventory, expense and capital, and in the second quarter, made substantial progress by bringing down inventory in-line with sales," said Blake Nordstrom, co-president of Nordstrom, Inc. "Those efforts, along with the strength of our Anniversary Sale and a great response from customers to that event, drove better than expected results for the second quarter."
4. Total Company net sales of $3.6 billion for the second quarter decreased 0.2 percent compared with net sales of $3.6 billion during the same period in fiscal 2015. Total Company comparable sales for the second quarter decreased 1.2 percent.
5. JWN was up $5.71, or 12%, to $53.27 as of 4:09 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Nordstrom’s latest earnings performance:
NORDSTROM INC Price and EPS Surprise
NORDSTROM INC Price and EPS Surprise | NORDSTROM INC Quote
Nordstrom, Inc. is a fashion specialty retailer, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
Check back later for our full analysis on Nordstrom’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>