Nordstrom shares are hammered after earnings miss
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CHICAGO, Aug 20  - Shares of Nordstrom Inc. (JWN.N: Quote, Profile, Research) dropped 9 percent early on Friday after the luxury retailer missed Wall Street&#39;s earnings target and forecast disappointing profits for the current quarter.
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There will be plenty of discussion on Wall Street about December and shopping this week as top retailers report their earnings. The third quarter was rough for retailers, with
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones industrial average dropped 138 points...
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Shares tumbled late in the day after AT&Tâs chief  suggested consumers might be cutting back and Countrywide Financial denied it was tumbling into bankruptcy.
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U.S. stocks took a beating yesterday largely because poor earnings from one of the nation's largest mortgage lenders renewed concerns about whether the housing downturn could damage the broader economy.
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Upscale department store chain  Nordstrom Inc. posted forecast-beating sales on Wednesday,  spurring its stock to an all-time high as demand for luxury  goods lent luster to an otherwise modest spending period.
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The women's apparel retailer surprised investors with surprisingly bad Q4 guidance.
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Amazon.com Inc. AMZN.O fell  more than 14 percent on Thursday after the online retailer's  earnings missed Wall Street targets and sparked fears its bid  to lure more customers would erode profits even more.
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Slashed earnings estimate pulls down shares.
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An earnings warning from Lowe&#39;s Cos Inc   and a slashed September sales forecast from Target Corp   hammered retail stocks on Tuesday as skittish consumers  rein in spending, fueling concerns that the holiday shopping  season could be the weakest in years.
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European shares lost nearly 1 percent on  Thursday, tracking Wall Street's fall after disappointing  earnings, while drug maker Novartis fell 1.2 percent on margin  concerns despite bumper forecasts.
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Shares of Amazon.com Inc  plunged 15 percent on Wednesday, depressing the overall market and delivering a rude wake-up call to investors whose hopes for the online retailers' sustained profit performance had more than doubled share prices since January.
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Stocks slid sharply on Friday, after bellwether stocks such as Caterpillar and Google posted disappointing earnings.
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Upscale department store chain  Nordstrom Inc. JWN.N said on Thursday quarterly earnings rose  62 percent as it controlled inventory and reduced expenses, but  the results fell short of Wall Street's expectations.
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Stocks fell sharply on Wednesday, with the Nasdaq composite index dropping 1 percent, after data showing higher-than-expected labor costs fueled concern that inflation and rising interest rates will squeeze corporate earnings.
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Second-quarter earnings rose 62% at Nordstrom (JWN:NYSE - commentary - research) as the fashion specialty retailer continued to improve inventory management and cost controls.
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NEW YORK - Wall Street shares took a beating yesterday as a fresh surge in oil prices dented sentiment among investors already fretting about the coming corporate earnings season.