Investing.com - Nordstrom (NYSE:JWN) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.9 on revenue of $3.78B. Analysts polled by Investing.com expected EPS of $0.76 on revenue of $3.94B. That compared to EPS of $0.95 on revenue of $4.07B in the same period a year earlier. The company had reported EPS of $0.23 on revenue of $3.44B in the previous quarter.
For the year, Nordstrom shares are down 43.12%, under-performing the S&P 500 which is up 18.07% year to date.
Nordstrom follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Alibaba ADR earnings beat analyst's expectations on Thursday, August 15, 2019, with first quarter EPS of $12.55 on revenue of $114.92B. Investing.com analysts expected EPS of $10.3 on revenue of $111.83B
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