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Why did Macy's stock rally 24% in premarket trading?

Shares of Macy's Inc. M rallied 2.4% in premarket trading Tuesday, after the department store chain reported fiscal first-quarter results that beat expectations and nudged up its full-year outlook. Ne...

Does Macy's beat earnings estimates?

Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores. NEW YORK-- (BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2024 Results.