Posted 3/5/2024, 10:16:23 PM
Nordstrom Shares Drop Despite Q4 Beat; Ross Mixed on Earnings Beat But Weak Guidance
- Nordstrom shares fall in after-hours trading despite Q4 earnings beat due to disappointing full-year forecast
- Nordstrom expects full-year adjusted EPS as low as $1.65 vs consensus of $1.98
- Nordstrom credit card revenue grew slower than expected in Q4
- Ross Stores beats Q4 EPS and comparable sales grew 7%
- Ross Stores' full-year earnings and same store sales guidance misses Wall Street expectations