Macy’s stock drops despite earnings beat

Macy’s Inc. (M) beat analyst expectations on sales and earnings numbers for the second quarter of 2018, despite sales seeing a slight decline from the prior-year period. The company also raised its earnings outlook for the full year of 2018. The stock, however, dropped 5% in premarket trade. The retailer reported net sales of $5.57 billion … Continue reading Macy’s stock drops despite earnings beat