Thu, 22 Aug 2024 09:36:01 GMT
Macy's reduces expectations
This week, on Wednesday, Macy's stock plummeted more than 14.00%. The shares reacted to the company's quarterly financial results.
The firm beat its earnings per share by 64.51%. EPS were $0.54 instead of expected $0.32. However, the devil is in the details. The firm did not manage to beat its revenue expectations, as it experienced a bigger than forecast