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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com