Shares of Nordstrom, Inc. (JWN) have plunged more than 26% in pre-market on Wednesday after the fashion retailer's third-quarter earnings fell short of analysts' view.
Nordstrom reported net earnings of $64 million or $0.39 per share in the third quarter, a rise from $53 million or $0.34 per share a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.