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What's Going On With Nordstrom's Stock After Earnings?

Nordstrom, Inc. (NYSE:JWN) shares are trading higher Friday after the company posted mixed first-quarter financial results. The Details: Nordstrom reported adjusted losses of 24 cents per share, missing the analyst estimate of losses of 7 cents per share. Quarterly sales came in at $3.22 billion, beating the $3.2 billion consensus estimate. Nordstrom net sales increased 5.1% versus the same period in fiscal 2023, and total company comparable sales increased 3.8%. Gross merchandise value (GMV) increased 4.9%. During the quarter, Nordstrom banner net sales increased 0.6% and comparable sales increased 1.8%. Net sales for ...