Nordstrom stock price plummets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Despite reporting better than expected quarterly results, the stock price of Nordstrom plummeted at the start of Wednesday's US trading hours.

The stock price started the day at the $20.60 level, compared to yesterday's close at $22.65. Namely, the shares dropped 9.45%.

The company reported earnings per share at $0.20, instead of expected $0.149, which is a surprise of 34.62%. Meanwhile, the company's total revenue increased by only 1.65% or $57.40 million. The stock price decline was attributed to this minor increase in revenues.
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