Abhoy Sarkar's Avatar
published in Blogs
Nov 16, 2018

Nordstrom (JWN, $58.99) Takes a $72 Million Charge on Customer Refunds, Misses Earnings Estimates; But Beats Sales Expectations

Nordstrom, Inc. admits that it erroneously overcharged some of its customers on their credit cards, and is refunding them. The news sent its shares down -11% in after-market trading on Thursday.

The luxury department store chain revealed on Thursday that it will refund $72 million to customers who were incorrectly charged higher interest rates on store credit cards that were delinquent. “We sincerely apologize to these cardholders. We realize customers and shareholders place a great deal of trust in us, and that’s a responsibility we take seriously,” Nordstrom said on a conference call with analysts.

Nordstrom’s compensation to customers subtracted 29 cents from its earnings per share for the latest reported quarter. During the 3 months ending November 3, Nordstrom’s earnings came in at $67 million ( 39 cents a share), plunging -42% from $114 million (67 cents a share) of the year-ago period. Analysts had expected Nordstrom to earn 66 cents a share. 

Revenue, however, increased +3% to $3.75 billion from a year ago, and beat estimate of $3.69 billion. The company registered a +2.3% growth in sales at stores open for at least a year, exceeding Wall Street expectations of a +2.2% increase.

Related Tickers: JWN
Sergey Savastiouk's Avatar
published in Blogs
Mar 14, 2023
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Dmitry Perepelkin's Avatar
published in Blogs
Mar 14, 2023
5 Habits that Lead to Successful Investing

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Sergey Savastiouk's Avatar
published in Blogs
Mar 13, 2023
4 Tips for Fast, Effective Stock Analysis

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With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence.  Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.
Sergey Savastiouk's Avatar
published in Blogs
Mar 20, 2023
5 Golden Principles in Investing

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You have enough faith in that stock, based on research, that the return will equal or exceed the investment.  Do unto others.The principles outlined here will ensure that happens.  Principle #1: Diversification Investors can’t be one-dimensional when constructing a portfolio.
Sergey Savastiouk's Avatar
published in Blogs
Mar 15, 2023
The five most important Lessons Learned After 10,000 hours of Trading
Edward Flores's Avatar
published in Blogs
Mar 12, 2023
What's the Difference Between Tokens and Altcoins?

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Edward Flores's Avatar
published in Blogs
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4 Ways to Save for Retirement Without a 401(k)

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Sarah Patel's Avatar
published in Blogs
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Nike (NKE, $130.03) beats fiscal Q3 earnings expectations
Sergey Savastiouk's Avatar
published in Blogs
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Artificial Intelligence for Language Translation?

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Lester Daniels's Avatar
published in Blogs
Mar 15, 2023
How Artificial Intelligence Can Boost your Trading Results