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JWN May 2024 21.000 call
| Previous close | 1.3100 |
| Open | 0.9900 |
| Bid | 0.5000 |
| Ask | 3.2500 |
| Strike | 21.00 |
| Expiry date | 2024-05-31 |
| Day's range | 0.9900 - 1.3200 |
| Contract range | N/A |
| Volume | |
| Open interest | 616 |
- Yahoo Finance Video
Nordstrom stock drops on wider-than-expected Q1 loss
Shares of Nordstrom (JWN) are falling after the company posted its first quarter results. The report revealed wider-than-expected losses, with a first quarter net loss of $39 million. However, the company reaffirmed its forecast for the full fiscal year, expecting earnings of $1.65 to $2.05. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development for Nordstrom and what it means for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino
StockStoryNordstrom (NYSE:JWN) Exceeds Q1 Expectations But Stock Drops
Luxury department store chain Nordstrom (NYSE:JWN) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 4.8% year on year to $3.34 billion. It made a GAAP loss of $0.24 per share, improving from its loss of $1.27 per share in the same quarter last year.
ReutersNordstrom's reaffirmed annual forecasts overshadow quarterly revenue beat
(Reuters) -Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective, after the department store owner merely maintained its annual forecasts for sales and profit. Shares in Nordstrom dropped nearly 5% in after-market trading. The company, which sells pricier clothes, shoes, and accessories, beat first-quarter revenue expectations.
