Settings

Home Site
Notification
Push Notifications
Contact Us
Armonk Daily Voice serves Armonk, NY

Menu

Armonk Daily Voice serves Armonk, NY

Nearby Towns

business

Macy's Stock Slides After Earnings Fall

Macy's stock has rallied 12% in the last year according to Business Insider.
Macy's stock has rallied 12% in the last year according to Business Insider. Photo Credit: File

ARMONK, N.Y. -- Macy's shares slid up nearly three percent in premarket trading on Wednesday after the retail company released first-quarter earnings and revenues that fell short of expectations, a painted a bleak outlook going forward, according to Business Insider.

Business insider reports that Macy's claimed 64 cents in adjusted earnings per share which is a drop from 80 cents in the same quarter last year, and below the consensus estimate for 76 cents according to Bloomberg.

In a statement, CEO Terry Lundgren said, "We are disappointed in our second quarter results, which were impacted by a variety of factors, both internal to the company and in the macroeconomic environment," according to Business Insider.

Click here to read the full story on Business Insider.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Armonk Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.