Advertisement
Australia markets open in 2 hours 43 minutes

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • AUD/USD

    0.6491
    +0.0040 (+0.61%)
     

  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     

  • OIL

    83.40
    +1.50 (+1.83%)
     

  • GOLD

    2,335.70
    -10.70 (-0.46%)
     

  • Bitcoin AUD

    102,263.75
    -205.25 (-0.20%)
     

  • CMC Crypto 200

    1,426.91
    +12.15 (+0.86%)
     

Why Nordstrom Stock Popped Today

Rich Smith, The Motley Fool
·2-min read
Why Nordstrom Stock Popped Today

Shares of the department store chain Nordstrom (NYSE: JWN) jumped 3.3% through 1 p.m. ET on Thursday after beating analyst forecasts for first-quarter earnings last night. Heading into the quarter, analysts were feeling pretty downbeat about Nordstrom, predicting the retail stock would lose $0.08 per share on sales of $3.12 billion. As it turned out, sales came in at a healthy $3.18 billion, and instead of losing money, Nordstrom earned a surprise profit of $0.07 per share!

Continue reading