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Macy's Lowers Guidance Following Poor Q2

Market News Video
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August 14, 2013 AT 11:00 AM
This morning, Macy's (M) reported second quarter earnings of $281 million, or 72 cents per share, as revenue fell to $6.07 billion. The retailer fell short of Wall Street estimates for both sales and earnings, causing the stock to slip in early trading.