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Nordstrom, Urban Outfitters beat Q3 estimates: Retail earnings

Nordstrom (JWN) shares are seeing red in after-hours trading after the retailer beat third quarter estimates with $3.46 billion in revenue and adjusted earnings per share of $0.33. Meanwhile, Urban Outfitters (URBN) is getting gains on a slight sales beat ($1.36 billion) while adjusted earnings per share outpaced Wall Street consensus estimates. Josh Lipton breaks down the earnings results from these two retail chains. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.