12:12 PM EST, 03/06/2024 (MT Newswires) -- (Updates with the stock price movement in the headline and the first paragraph.)

Nordstrom ( JWN ) shares dropped nearly 15% in recent trading on Wednesday after the company's fiscal 2024 earnings guidance came in shy of analysts' forecast.

The company reported late Tuesday fiscal Q4 adjusted earnings of $0.96 per diluted share, up from $0.74 a year ago.

Analysts polled by Capital IQ expected $0.89.

Revenue for the quarter ended Feb. 3 was $4.42 billion, up from $4.32 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.38 billion.

For fiscal 2024, Nordstrom ( JWN ) expects EPS of $1.65 to $2.05. Analysts polled by Capital IQ expect $2.06 per share.

Price: 17.84, Change: -3.06, Percent Change: -14.64