Nordstrom Inc. Earnings Drop In Q3

Nordstrom Inc. (JWN) announced a profit for third quarter that decreased from the same period last year. The company’s earnings totaled $67 million, or $0.39 per share. This compares with $114 million, or $0.67 per share, in last year’s third quarter. Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates […]

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Maersk warns trade war hit container shipping 

Maersk said the effect of trade tensions could reduce global container trade between 0.5 and 2 percent during 2019 and 2020. The company narrowed its expectation for full-year EBITDA to $3.6 billion to $4.0 billion from $3.5 billion to $4.2 billion previously. EBITDA totalled $1.14 billion for the quarter, compared with 1.09 billion forecast by analysts. Danish shipping group A.P. […]

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