Loading...
Market
What will Nordstrom's Q3 2024 revenue be?
3
Resolution / Starting Odds
Below $3.70 billion • 25%
$3.70 - $3.80 billion • 25%
$3.81 - $3.90 billion • 25%
Above $3.90 billion • 25%
Nordstrom's Q3 2024 earnings report
Story
Nordstrom Exceeds Q2 Earnings Expectations, Stock Rises 10% on Anniversary Sale Success
Aug 28, 2024, 11:06 AM
Nordstrom reported strong second-quarter earnings, exceeding Wall Street expectations. The company posted an adjusted earnings per share (EPS) of $0.96, surpassing the estimated $0.71, with revenue reaching $3.89 billion, slightly below the consensus estimate of $3.90 billion. This represents a 3.4% increase in year-over-year revenue. The positive results were largely driven by the success of Nordstrom's Anniversary Sale event, which boosted sales despite a cautious consumer environment. The company's stock rose by 10% following the earnings announcement. Nordstrom also raised the lower end of its full-year earnings guidance, reflecting confidence in its financial outlook. Additionally, Nordstrom Rack's performance was notable, contributing to the overall sales increase. However, the net income declined by 10.9%.
View original story
Similar markets
Below -1% • 25%
-1% to 0% • 25%
0% to 1% • 25%
Above 1% • 25%
Less than $200 million • 25%
$200 million to $250 million • 25%
$250 million to $300 million • 25%
More than $300 million • 25%
Below $25 billion • 25%
$25 billion to $25.49 billion • 25%
$25.50 billion to $26 billion • 25%
Above $26 billion • 25%
Below $25 billion • 25%
$25 billion - $26 billion • 25%
$26 billion - $27 billion • 25%
Above $27 billion • 25%
Increases by more than 5% • 25%
Increases by 0% to 5% • 25%
Decreases by 0% to 5% • 25%
Decreases by more than 5% • 25%
Below $2.07 billion • 25%
$2.07 billion to $2.10 billion • 25%
$2.10 billion to $2.14 billion • 25%
Above $2.14 billion • 25%
Below $1.75 • 25%
$1.75 to $1.89 • 25%
$1.90 to $2.05 • 25%
Above $2.05 • 25%
Below $5 billion • 25%
$5 billion to $6 billion • 25%
$6 billion to $7 billion • 25%
Above $7 billion • 25%
Below $9.0 billion • 25%
$9.0 billion to $9.2 billion • 25%
$9.3 billion to $9.5 billion • 25%
Above $9.5 billion • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Remain stable • 25%
Less than $13 billion • 25%
$13 billion to $14 billion • 25%
$14 billion to $15 billion • 25%
More than $15 billion • 25%