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Nordstrom Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2024 Guidance Updated -- Shares Rise After Hours
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Nordstrom Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2024 Guidance Updated -- Shares Rise After Hours
Aug 27, 2024 2:14 PM

04:49 PM EDT, 08/27/2024 (MT Newswires) -- Nordstrom ( JWN ) reported fiscal Q2 adjusted earnings late Tuesday of $0.96 per share, up from $0.84 a year earlier.

Analysts polled by Capital IQ expected $0.73.

Revenue for the quarter ended Aug. 3 was $3.89 billion, up from $3.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.89 billion.

The company said it now expects fiscal year 2024 adjusted EPS of $1.75 to $2.05, versus previous expectations of $1.65 to $2.05. Analysts surveyed by Capital IQ are looking for $1.76.

Nordstrom ( JWN ) also updated its fiscal 2024 revenue outlook range, which now indicates a 1% decline to a 1% increase, compared with the previous projected range indicating a 2% decline to a 1% increase. Analysts polled by Capital IQ expect revenue of $14.82 billion.

Shares of Nordstrom ( JWN ) were up more than 8% in after-hours activity.

Price: 22.93, Change: +1.79, Percent Change: +8.47

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