Macy's Stock Pushes Higher Despite Mixed Earnings Reaction

Macy's Inc (NYSE:M) stock is up 0.4% to trade at $22.28, brushing off a morning in the red and pivoting higher midday. The retailer posted adjusted third third-quarter earnings of nine cents per share on $4.71 million in revenue, both of which surprised to the upside. Raising concerns initially was a muted holiday Q4 outlook that came in below analyst estimates, but the stock has since moved higher. Macy's stock is 33% higher year-to-date and hit a multi-year high of $23.14 just yesterday. Recent consolida ...