Advertisement
Singapore markets closed
  • Straits Times Index

    3,348.87
    +12.28 (+0.37%)
     
  • S&P 500

    5,277.51
    +42.03 (+0.80%)
     
  • Dow

    38,686.32
    +574.82 (+1.51%)
     
  • Nasdaq

    16,735.02
    -2.08 (-0.01%)
     
  • Bitcoin USD

    69,065.02
    +863.45 (+1.27%)
     
  • CMC Crypto 200

    1,488.54
    +20.61 (+1.40%)
     
  • FTSE 100

    8,288.72
    +13.34 (+0.16%)
     
  • Gold

    2,350.00
    +4.20 (+0.18%)
     
  • Crude Oil

    77.07
    +0.08 (+0.10%)
     
  • 10-Yr Bond

    4.5140
    -0.0400 (-0.88%)
     
  • Nikkei

    38,923.03
    +435.13 (+1.13%)
     
  • Hang Seng

    18,403.04
    +323.43 (+1.79%)
     
  • FTSE Bursa Malaysia

    1,596.68
    -7.58 (-0.47%)
     
  • Jakarta Composite Index

    7,036.19
    +65.46 (+0.94%)
     
  • PSE Index

    6,470.74
    +37.64 (+0.59%)
     

Macy’s Tops Earnings Estimates. Its New Turnaround Plan Starts to Pay Off.

Macy’s Tops Earnings Estimates. Its New Turnaround Plan Starts to Pay Off.

Macy’s fiscal first-quarter sales dipped from a year ago, but earnings barreled through Wall Street’s expectations as the company’s turnaround plan starts “gaining traction.” Adjusted earnings of 27 cents a share were ahead of consensus estimates for 16 cents a share, according to FactSet. Macy’s shares ticked up 0.5% to $19.20 in early morning trading Tuesday.