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Retail stocks are on the move today and we dive into recent news that some of them are dropping and another is rising on Wednesday!

Source: jayk67 /

Let’s start with Nordstrom (NYSE:JWN), which released its third quarter 2021 earnings report on Tuesday. That allowed it to generate diluted earnings per share of 39 cents on revenues of $ 3.53 billion.

Unfortunately for the JWN stock, these results are mixed compared to Wall Street estimates. That includes expectations for diluted EPS of 56 cents and revenue of $ 3.5 billion. On the positive side, Nordstrom has reaffirmed its outlook for 2021 instead of lowering it.

The next company on our list of drop in retail inventory today is Difference (NYSE:GPS). Much like with JWN, GPS stock is down on Wednesday following the release of its third quarter 2021 earnings report.

This earnings report includes adjusted earnings per share of 27 cents on revenues of $ 3.9 billion. Both fell short of analysts’ estimates of 50 cents a share on revenue of $ 4.44 billion.

By adding salt to the wound today, Gap lowers its outlook for 2021. That comes with adjusted EPS estimates of $ 1.25 to $ 1.40 for the year. That doesn’t look good next to Wall Street’s estimate of $ 2.20 for the year.

Ultimately, To guess? (NYSE:GHG) the stock is going against the trend and behaving well today. This is yet another case of a company’s third quarter earnings report affecting the way its stocks move today.

As you can probably guess, GES did well today with adjusted earnings per share of 62 cents and revenue of $ 643.1 million. These are both better than Wall Street’s estimate of 46 cents a share and earnings of $ 615.1 million.

JWN stock is down 27.9%, GPS stock is down 22.9% and GES stock is up 14.6% on Wednesday morning.

Investors looking for more stock market news today are in luck!

We have all the latest stock information traders need to know for Wednesday! This includes recent Cardano (CCC:ADA-USD) new, Amp (CCC:AMP-USD) price predictions, as well as the biggest stock moves before market this morning. You can find all of this on the following links!

More stock market news for Wednesday

At the date of publication, William White did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, submitted to Publication guidelines.


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