Nordstrom (JWN) shares fall off in Tuesday after-hours trading after the retailer reported a fourth-quarter earnings beat complicated by a disappointing full-year forecast.
Ross Stores (ROST) stock makes sporadic movements in extended hours trading on the chain’s latest earnings beat on both the top and bottom lines.
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Editor’s note: This article was written by Luke Carberry Mogan.
Video Transcript
– Starting with shares of Nordstrom. The stock is falling as the company’s full year guidance fell below analysts’ expectations. Nordstrom saying, Nordstrom saying it expects adjusted earnings to come in as low as $1.65. The consensus was $1.98. And during the quarter, credit card revenue grew at a slower pace than the Street was looking for during the fourth quarter.
Still, the retailer managed to beat on both the top and bottom lines. Moving on to Ross Stores. The company reporting a beat on earnings per share for the fourth quarter. Comparable sales grew 7% as its operating margin rose nearly 11% compared to the prior year. Meanwhile, the company’s full year guidance on both earnings and same store sales came in below Wall Street expectations.
