Macy's Reports; Google Ruling Boosts Tech; Starbucks Announcement
On this episode of Stock Movers:- Macy's (M) shares are getting a big bump from earnings. It raised its annual outlook and reported its best comparable sales growth in 12 quarters. The retailer now expects net sales of as much as $21.45 billion for the fiscal year and lifted its adjusted diluted EPS guidance. Despite the improved outlook, Macy's warned of a more cautious consumer in the second half of the year and quarterly revenue has fallen on an annual basis for 13 quarters in a row.- Google (GOOG) shares are higher this morning after a court win yesterday. A US judge ruled against the…
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