Check out the companies making headlines after the bell:
Nordstrom — Shares of the department store chain tumbled roughly 20% following its quarterly results. Nordstrom reported earnings of 39 cents per share, well below the 56 cents expected by analysts. Labor costs ate into profits and sales and Nordstrom Rack, its off-price division, has struggled to return to pre-pandemic levels, the company reported.
Gap — The apparel retailer saw its shares drop more than 15% after missing profit and revenue expectations for its fiscal third-quarter. It also slashed its full-year revenue outlook from a 30% increase to a 20% increase, compared with analysts' expectations of a 28.4% year-over-year gain, according to Refinitiv.