Macy's Shares Drop Despite Strong Q2 Earnings; American Eagle and JetBlue Also Decline
Macro·1 article across 1 outlet
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Macy's shares are lower, erasing an earlier advance, as investors weigh much better-than-expected comparable sales and adjusted EPS in the second quarter against a less robust third-quarter guidance. The full magnitude of the 2Q beat is not reflected in the an.
American Eagle and JetBlue also saw declines in their stock prices, contributing to a broader trend in the market.
Macy'sAmerican EagleJetBlue
Sources
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“Macy's (M) shares are lower, erasing an earlier advance, as investors weigh much better-than-expected comparable sales and adjusted EPS in the second quarter against a less robust third-quarter guidance.”
Bloomberg — Macy's and American Eagle Drop, JetBlue Dips | Stock Movers