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

Nordstrom (JWN) reported Q3 FY2024 earnings of $0.33 per share (versus $0.25 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.22 per share.

The company’s quarterly revenues amounted to $3.347 bln (+4.6% y/y), roughly in line with analysts’ consensus estimate of $3.344 bln.

The company also issued in-line EPS guidance for FY2024 of $1.75-2.05 versus analysts’ consensus estimate of $1.93 and guided to a revenue growth range of flat to +1.0% y/y.

JWN fell to $24.30 (-1.30%) in pre-market trading.

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