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Shares of Macy’s were falling in premarket trading Thursday after the department-store owner reported a mixed fourth quarter, and issued soft guidance for the current fiscal year.
Macy’s posted adjusted earnings of $1.80 a share for the quarter ended Feb. 1, topping the $1.54 analysts anticipated, according to FactSet. Net sales of $7.77 billion fell 4.3% year over year, narrowly missing the consensus call for $7.78 billion.
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