Company news: Nordstrom’s (JWN) quarterly results beat analysts’ estimates

Nordstrom (JWN) reported Q2 FY2024 earnings of $0.96 per share (versus $0.81 per share in Q2 FY2023), strongly beating analysts’ consensus estimate of $0.71 per share.

The company’s quarterly revenues amounted to $3.894 bln (+3.2% y/y), slightly beating analysts’ consensus estimate of $3.881 bln.

The company also issued raised guidance for FY2024, seeing EPS of $1.75-2.05, versus its prior guidance of $1.65-2.05 and analysts’ consensus estimate of $1.77 and revenues of -1% y/y to +1% y/y, which equates to $14.55-14.84 bln versus its prior guidance of -2% y/y to +1% y/y and analysts’ consensus estimate of $14.77 bln.

JWN rose to $21.55 (+1.94%) in pre-market trading.