Macy's (M) Stock Drops Over 12% Pre-Market on Lower Earnings Forecast

Dec 11, 2024

Macy's (M, Financial) experienced a significant drop of over 12% in pre-market trading. The company announced its adjusted earnings per share (EPS) forecast for the fiscal year, estimating a range between $2.25 and $2.50. This projection fell short of market expectations, which were between $2.55 and $2.90.

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