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Macy's Sinks 5% Despite Raised Full-Year Outlook, Kohl's and TJX Barely Budge
Source: 247wallst.com
Corporate EarningsCorporate Guidance & OutlookConsumer Demand & Retail
Macy's shares fell 5% to $20.45 in early Thursday trading despite the retailer reporting a fiscal second-quarter earnings beat and raising its full-year outlook. The negative share-price reaction indicates investors remain concerned about factors not detailed in the report, outweighing the improved guidance.
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