Nordstrom Inc.(JWN) shares are on saleagain.
Shares of the department store are down as much as 12% to $46.65Friday after Nordstrom reported holiday-quarter earnings and sales that missed expectations and gave a downbeat outlook for the full year. The stock is set for its worst intraday drop since it last reported earnings in November, when shares fell as much as 21% after the retailer posted disappointing results and cut its profit and sales forecasts.
The company has now lost more than a third of its market value over the past 12 months, well underperforming the S&P 500,....More>>>