Nordstrom Inc (JWN – Analyst Report) is a leading specialty fashion retailer, with stores located nationwide including full-line stores, Nordstrom Racks, Façonnable boutiques, and free-standing shoe stores. Additionally, the company serves customers through its online store, its Hautelook, a members-only shopping website, and its direct mail catalogs. Nordstrom was founded in 1901 and is headquartered in Seattle, Washington.

Currently, Nordstrom has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. We have highlighted some of the key statistics from this just announced report below.

Nordstrom:

1.     Missed earnings estimates. The company posted $0.57 EPS, missing our Zacks Consensus Estimate of $0.71 (this number excludes $0.15 from non-recurring items).

2.     Missed revenue estimates. The company saw revenue figures of $3.2 billion, an increase of 6.6% compared with net sales of $3.0 billion during the third quarter of 2014, missing our estimate of $3.388 billion.

3.     Posted net earnings of $81 million, a significant decrease in comparison to the net earnings of $142 million from the third quarter of 2014.

4.     Noted that its “third quarter performance was below Company expectations, reflecting softer sales trends that were generally consistent across channels and merchandise categories.” “During the third quarter, the Company opened three new full-line stores, including its first international flagship store in Vancouver, B.C., relocated a full-line store and opened 16 new Rack stores.”

5.     JWN was down $10.08, or 15.88%, to $53.39 as of 4:24 PMET in after hours trading shortly after its earnings report was released.