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Nordstrom Posts Mixed 1Q Results
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Description
FBN’s Adam Shapiro breaks down Nordstrom’s first-quarter earnings results.
- Duration 0:52
- Date May 10, 2012
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Transcript
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I'm Adam Shapiro Olivia Fox Business -- Nordstrom reporting mixed first quarter results after the closing bell earnings for the department store operator coming in at seventy cents five cents short of estimates.
Revenue beat forecasts -- two point 63 billion dollars moving forward Nordstrom is forecasting a low single digit increase.
In its same store sales in the second quarter.
Beauty products maker Cody is getting even more support from -- Buffett's Berkshire Hathaway in its bid for Avon according to the Wall Street Journal Berkshire.
We'll provide -- and a half billion dollars in financing.
Earlier today Cody boom stated too big to nearly ten point seven billion dollars Cody says that Berkshire's involvement let's credibility to that -- -- -- losing ground at the end of the trading day but the blue chips did manage to break a six day losing streak that's the latest from the Fox Business Network giving you.
