By  on May 21, 2019

Nordstrom Inc. shares fell sharply in after-hours trading Tuesday after the retailer saw a sharp decline in earnings and sales in the first quarter but said “executional misses are well within our control.”

First-quarter net earnings were $37 million, compared with $87 million during the same period in fiscal 2018. Earnings before interest and taxes were $77 million, compared with $153 million in the year-ago period, with the decrease driven primarily by lower sales volume, which fell 3.5 percent. Women’s apparel and beauty were the most challenged areas.

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