YOUR BUSINESS AUTHORITY
Springfield, MO
Despite beating analysts' expectations for the second quarter, Macy's shares tanked 14 percent.
The company's comparable store earnings were up 0.5 percent, better than the 1 percent drop expected by analysts.
Fortune reports the share drop may have been due to a government report showing retail sales in July rose 6.4 percent compared with a year earlier.
Read more from Fortune.
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