Macy’s Reports Earnings; Abercrombie Surges; Okta Falls
On this episode of Stock Movers: Macy’s (M) posted better-than-expected quarterly results — a sign the department-store operator’s strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff volatility.Comparable-store sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate. - Abercrombie & Fitch (ANF) shares rose sharply in premarket trading Wednesday after the retailer…
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