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Why a 'beat and raise' isn't driving Macy's stock higher?

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Macy’s (M) stock opened in the red on Thursday even though the retailer posted a top- and bottom-line beats – and modestly raised its guidance for the full-year as well. The department store chain recorded 40 cents per share of earnings (EP…

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Why a 'beat and raise' isn't driving Macy's stock higher?
Invezz 2h ago

Why a 'beat and raise' isn't driving Macy's stock higher?

Macy’s (M) stock opened in the red on Thursday even though the retailer posted a top- and bottom-line beats – and modestly raised its guidance for the full-year as well. The department store chain recorded 40 cents per share of earnings (EP…

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