U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Wednesday.

Shares of Macy’s, Inc. (NYSE:M) fell sharply in today's pre-market trading after the company reported third-quarter financial results and lowered FY24 EPS outlook.

Macy's expects 2024 sales of $22.3 billion—$22.5 billion, compared to prior guidance of $22.1 billion—$22.4 billion and a consensus of $22.42 billion. Macy's expects 2024 adjusted EPS of $2.25-$2.50 compared to prior guidance of $2.34-$2.69 and a consensus of $2.73, including accounting error.

The company expects a 2024 comparable owned-plus-licensed-plus-marketplace sales change of Down ~1.0% to ~flat versus 2023 versus Down ~2.0% to down ~0.5% expected earlier.

Macy’s shares dipped 11.2% to $14.84 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

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