Nordstrom Plummets After Reporting Terrible Earnings, Slashing Guidance
by Tyler Durden
ZeroHedge.com
05/12/2016
The reason why the stock is getting monkeyhammered after hours is that the company slashed its guidance, and instead of seeing a 0-2% increase in comp sales, JWN now expects -1 to +1% for 2016. Worst of all is that instead of seeing EPS of $3.10-$3.35, Nordstrom slashed earnings guidance, and now expects only $2.50-$2.70 in EPS for the full year.
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