YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Macy's stock falls despite strong quarter

Posted online

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.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences