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Macy's Stock Slips After Error Leads to Q3 Earnings Delay
Investopedia· 2024-11-25 13:55
Key TakeawaysMacy's stock retreated Monday morning after the retailer said it would delay its third-quarter earnings report from the originally scheduled Tuesday release.An employee hid at least $132 million in accounting expenses over the last three years, Macy's said Monday.Macy's preliminary third-quarter sales also came in below estimates, with lower sales at Macy's offsetting gains at the company's other brands. Macy's (M) shares moved lower Monday morning after the retailer said its official third-qua ...
Macy's delays earnings after finding $132M-plus fraud by employee
Proactiveinvestors NA· 2024-11-25 13:06
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Macy's says quarterly sales dropped, delays full earnings release due to accounting issue
CNBC· 2024-11-25 12:38
A shopper carries a Macy's bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024.Macy's on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it completes an investigation of an accounting issue.The company was slated to report its quarterly earnings before the opening bell on Tuesday.In a statement Monday, Macy's said its third-quarter sales fell 2.4% to $4.74 billion. Comparable sales for its owned and licensed stores plus its ...
Macy's (M) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-11-21 15:20
Wall Street analysts expect Macy's (M) to post quarterly loss of $0.01 per share in its upcoming report, which indicates a year-over-year decline of 104.8%. Revenues are expected to be $4.72 billion, down 2.9% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company' ...
Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning Deposit
Newsfile· 2024-11-14 12:30
Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning DepositNovember 14, 2024 7:30 AM EST | Source: Myriad Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce further results of equivalent uranium (eU3O8) grades from drilling at the Copper Mountain Uranium Project in Wyomi ...
Macy's (M) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-11-01 22:50
Macy's (M) closed the most recent trading day at $15.27, moving -0.46% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 0.8%.Heading into today, shares of the department store operator had lost 0.2% over the past month, outpacing the Retail-Wholesale sector's loss of 1.22% and the S&P 500's loss of 0.97% in that time.Investors will be eagerly watching ...
Myriad Exercises Initial 50% Option on Copper Mountain
Newsfile· 2024-10-28 20:00
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company"), which holds an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, is pleased to announce that it has exercised its option to acquire an initial 50% interest (subject to certain underlying NSR royalties - see the Company's management's discussion and analysis dated August 28, 2024 for further details) under the property option agr ...
Macy's: Slimming Down Its Store Base To Restore Growth
Seeking Alpha· 2024-10-25 13:51
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Macy's (NYSE: M ) is attempting to improve its results by closing around 30% of its Macy's branded stores and rolling out a number of new initiatives in the go-forward stores.Aaron Chow, aka Elephant Analytics has 15 ...
Here's Why Macy's (M) Fell More Than Broader Market
ZACKS· 2024-10-22 22:56
In the latest trading session, Macy's (M) closed at $15.70, marking a -2% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.05%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.18%.Heading into today, shares of the department store operator had gained 5.74% over the past month, outpacing the Retail-Wholesale sector's gain of 1.71% and the S&P 500's gain of 2.76% in that time.The investment community will be clos ...
Myriad Uranium's First Ten Boreholes at Copper Mountain Intercept High Grade Mineralisation, Provide Strong Validation of Historic Work
Newsfile· 2024-10-22 11:30
. . . ● | --- | --- | |--------------------------------------------|-------| | | | | Provide Strong Validation of Historic Work | | October 22, 2024 7:30 AM EDT | Source: Myriad Uranium Corp. Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce the results of equivalent uranium (eU3O8) grades from initial drilling at the Copper Mountain Uranium Project in Wyoming, USA (Figure 1). Spectral ...