Why Nordstrom Missed Its Earnings Mark Despite the Retail Rebound

Nordstrom’s stock took a hit in after-hours trading on Thursday after the retailer’s third-quarter earnings came in well below analyst expectations. The department store chain reported earnings per share of $0.39 versus the $0.66 forecast by Wall Street, a gap caused largely by a one-time charge of $72 million paid to customers that were erroneously charged higher interest rates on delinquent store card accounts. The payout dragged net income down 42 percent to $67 million during the...

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