Macy’s (NYSE: M) reported first-quarter 2021 financial results before the regular market hours on Tuesday. The department store chain reported Q1 revenue of $4.71 billion, up 56% year-over-year and above the Wall Street projection. Meanwhile, the company reported net earnings of $0.39 per share, even as the street was expecting a loss.
M shares rose 4.9% immediately following the announcement. The stock has risen 71% since the beginning of this year.
CEO Jeff Gennette said, “With a healthier economy and the reopening of communities as the backdrop to the execution of our Polaris strategy, we are well positioned to deliver sustainable, profitable growth in 2021 and the years beyond.”
MongoDB, Inc. (NASDAQ: MDB), the tech firm that pioneered a new method for creating databases, enables developers to work with high volumes of varied data effortlessly. The company this week
GameStop Corp. (NYSE: GME) reported a narrower net loss for the third quarter of 2022 despite the gaming company’s sales decreasing year-over-year. The company reported a net loss of $94.7 million
Shares of Signet Jewelers Limited (NYSE: SIG) were up 5% on Wednesday. The stock has gained 32% over the past three months. A day ago, the company delivered better-than-expected earnings