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Macy's Stock Tumbles on Lower Sales, Resolved Accounting Probe
Key Takeaways Macy's shares fell Wednesday morning after the retailer posted its delayed earnings report, pushed back last month after an accounting issue was discovered.Sales fell short of what analysts had expected,
Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup created $151 million in false bookkeeping entries.
Macy's shares tumble after profits and sales drop in the third quarter
Macy's shares tumble after profits and sales drop in the third quarter.
Macy's Cuts Full-Year Earnings Outlook Following Completion of Accounting Issue Probe
Macy's (M) lowered its full-year earnings outlook on Wednesday as the department store operator completed its investigation into an accounting issue that delayed the release of its complete fiscal third-quarter results.
9h
Here’s what one employee hiding money is doing to Macy’s stock and profit view
Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.
2h
on MSN
Three-Stock Lunch: Macy's, Mondelēz, & Broadcom
Matt Maley, chief market strategist at Miller Tabak and Company, joins CNBC's 'Power Lunch' to discuss three stocks.
bovnews
6h
Macy’s Inc (M) Stock Dilemma: A Drop That Has Everyone Talking—What’s the Real Story?
On Tuesday, Macy’s Inc (M) stock saw a modest uptick, ending the day at $16.72 which represents no change from the prior close of of $16.72. The stock opened at $16.75 and touched a low of $16.45 ...
1d
How To Earn $500 A Month From Macy's Stock Ahead Of Q3 Earnings
Macy’s, Inc. (NYSE:M) will release its third-quarter financial results, before the opening bell, on Wednesday, Dec. 11.
5h
Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of ...
8h
Macy's Cuts Annual Earnings Outlook Below View, Pre-Market Stock Down Over 8%
Macy's, Inc. (M), a department store company, on Wednesday revised down its full-year earnings guidance below analysts' estimates.
1h
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal ...
KITV
5h
Macy’s provides more details about that employee who hid more than $150 million worth of expenses
Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...
2d
Macy's Stock Rises as Activist Investors Call for Real Estate Unit
Barington Capital Group and Thor Equities called on Macy's to create a real estate subsidiary and limit its capital ...
2d
Activist investors urge Macy’s to create a real estate unit among other changes to boost stock
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate ...
9h
Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report
Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...
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