Investing.com -- Nordstrom reported Tuesday underwhelming full-year guidance that overshadowed the retailer's better-than-expected fourth-quarter results.
Nordstrom Inc (NYSE:JWN) was down more than 11% in afterhours following the report.
For the three months ended Jan. 31, Nordstrom reported adjusted earnings of $0.96 per diluted share and revenue of $4.42B, beating estimates of $0.89 and $839.1M, respectively.
Looking ahead to fiscal 2024, the firm expects EPS of $1.65 to $2.05 and revenue growth between a 2% decline and 1% growth, while comparable sales are seen in a range of 1% decline to 2% growth compared with the prior year. Analysts were looking for revenue of $3.2B.
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