Nordstrom (JWN) shares fell in Tuesday after-hours trading after the retailer reported fourth-quarter earnings that beat disappointing expectations for the full year.
Ross Stores (ROST) stock is making scattered moves in long-hours trading on the chain's latest earnings beat on both the top and bottom lines.
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Editor's Note: This article was written by Luke Carberry Maughan.
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– Starting with Nordstrom stock. The stock is falling as the company's full-year guidance fell below analysts' expectations. Nordstrom says it expects adjusted earnings to be $1.65. The consensus was $1.98. During the quarter, credit card revenues grew at a slower pace than the Street was looking for during the fourth quarter.
However, the retailer was able to beat both the top and bottom lines. Go to Ross Stores. The company reported a beat on earnings per share for the fourth quarter. Comparable sales grew 7% with operating margin up approximately 11% compared to the prior year. Meanwhile, the company's full-year guidance for earnings and same-store sales fell short of Wall Street expectations.
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