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Stock impact report

Why Are Macy's (M) Shares Soaring Today [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
stronger-than-expected fourth-quarter results that topped Wall Street estimates, driven by a surprise growth in a key sales metric. For its fourth quarter, Macy's announced net sales of $7.92 billion and adjusted earnings of $1.67 per share. While these figures represented a slight decline from the previous year, they both came in ahead of analyst forecasts. The company's same-store sales, a key retail metric, grew 1.8%, which was a significant positive surprise. Looking ahead, the company provided a mixed outlook. Its full-year revenue guidance came in above expectations, but its earnings per share forecast for the upcoming year fell short of analysts' projections. Despite the weaker profit outlook, investors appeared to focus on the strong quarterly performance and positive revenue forecast. After the initial pop the shares cooled down to $17.61, up 4.1% from previous close. Is now the time to buy Macy's? Access our full analysis report here, it's free What Is The Market Tel Show less Read more
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