Macy’s Braces for Its Toughest Sales Comparison of the Year
Macy's (NYSE: M) beats Q2 estimates with $4.87B sales, but shares drop on soft Q3 earnings guidance. Read the market breakdown.
Macy's just did better than people expected this quarter, but the company said next quarter might be slower. When a company does well today but sounds worried about tomorrow, that makes people nervous about the stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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