Macy’s shares fall 4% after weaker Q3 outlook
Macy’s fell about 4% after reporting second-quarter fiscal 2026 results that beat Wall Street estimates but guiding third-quarter adjusted loss wider than expected. Adjusted EPS was 40 cents, excluding a 23-cent tariff refund benefit, and sales rose 1.1% to $4.866 billion.
S. stocks were lower halfway through Thursday’s session, with the Dow Jones index off more than 300 points. 24. 6%.
Macy’s Inc. stock dropped about 4% after the retailer reported second-quarter fiscal 2026 results that beat Wall Street estimates but guided below expectations for the third quarter. Adjusted EPS was 40 cents, excluding a 23-cent net tariff refund benefit, versus the 37-cent consensus estimate. 826 billion estimate.
For the third quarter, Macy’s forecast an adjusted loss of 19 cents to 23 cents per share, compared with an expected loss of 6 cents. 68 billion estimate. 92. BTIG analyst Marie Thibault raised the stock to Buy from Neutral and set a $10 price target.
AeroVironment, Inc. 00 after upbeat quarterly earnings. 71 after mixed third-quarter results and a cut to FY26 guidance below estimates. 70 after second-quarter results.
63 after upbeat second-quarter fiscal 2027 results, a higher full-year outlook and the acquisition of BoomPop. 60. 5375. European shares were lower.
41%. 4%. Asian markets finished mixed on Thursday. 19%.
S. 8% in July, according to Labor Department data released Thursday. S. initial jobless claims decreased by 1,000 to 206,000 in the first week of September, versus estimates for 205,000.
S. 4% increase in June. S. 98 million units in August.
S. natural-gas stocks rose 40 billion cubic feet in the week ending Sept. 4, compared with expectations for a 31-bcf build.