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Nordstrom Beats Estimates; SmileDirectClub to Contest $63M Payment Ruling

  • August 24th, 2023
  • 653 views

Nordstrom, Inc. (NYSE: JWN), a well-known fashion retailer, announced second-quarter 2023 earnings of $0.84 per share, exceeding the consensus EPS estimate of $0.45. The company's quarterly sales reached $3.77 billion, slightly surpassing analysts' projected revenue of $3.65 billion for the period.

$JWN was trading at $16.26 in after-hours, down $0.56 (-3.33%).

In other news, SmileDirectClub, Inc. (Nasdaq: SDC) has revealed plans to contest a decision that mandates the payment of $63 million to Align Technology, Inc. (Nasdaq: ALGN), stemming from a disagreement over an exclusive supply agreement with its former strategic partner.

On Thursday, $SDC closed at $0.48, reflecting a decrease of $0.05 (-9.77%), while $ALGN closed at $350.71, down $8.77 (-2.44%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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