Pedestrians walk past a Nordstrom Inc. store in Midtown New York, March 20, 2020.
Gabby Jones | Bloomberg | Getty Images
Find out which companies are hitting the headlines after the Wednesday bell:
Nordstrom – The retailer’s inventory fell more than 3% after the retailer said its holiday sales fell 22% on an annual basis. Despite the drop, CEO Erik Nordstrom said the company sees momentum pick up after the holiday season “as we continue to unlock new ways to better serve customers on their terms with more convenience and connection. “
Ethan Allen – Shares of the furniture company rose 4.8% on better-than-expected earnings guidance for the fiscal second quarter. Ethan Allen said he expects earnings per share to vary between 67 cents per share and 69 cents per share, beating a FactSet estimate of 46 cents per share. “Despite many challenges due to the ongoing COVID-19 pandemic, we have achieved a strong performance,” CEO Farooq Kathwari said in a statement.
Organogenesis – Shares of the medical company have jumped more than 25%. Organogenesis reported a preliminary revenue figure for 2020 that has exceeded estimates. The company said sales for the year 2020 ranged from $ 336.1 million to $ 337.5 million. Analysts were forecasting revenue of $ 312.3 million.