Macy’s (NYSE: M) reported second-quarter financial results before the opening bell on Wednesday. The department store chain reported a 36% decrease in Q2 revenues to $3.56 billion, beating Wall Street consensus. Adjusted loss per share of $0.81 per share was also narrower than what analysts had anticipated.
M shares rose 5% immediately following the announcement. The stock has declined 58% so far this year.
“We are encouraged by our second-quarter performance; however, we continue to approach the back half of the year conservatively. Our immediate priority is successfully executing Holiday 2020,” CEO Jeff Gennette said in a statement.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock