Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Macy's Inc (NYSE:M) shares are trading higher by 7.12% to $20.00 Tuesday morning after the company reported better-than-expected second-quarter EPS and sales results.
What Happened?
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Macy's reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of 85 cents. The company also reported quarterly sales of $5.60 billion which beat the analyst consensus estimate of $5.49 billion by 2%.
Macy's added that comparable sales were down 2.9% on an owned basis and down 2.8%, on an owned-plus-licensed basis. 43.9 million active customers shopped the Macy's brand, on a trailing twelve-month basis, a 7% increase compared to the prior year.
"Over the past two years, our Polaris strategy has made us faster and more agile, which has been essential to navigate rapidly changing consumer trends and macro conditions. We expect to come out of this uncertain period in a strong position with a healthy balance sheet, new capabilities and a talented team ready to capture renewed demand," sais Jeff Gennette, Chairman and CEO of Macy's.
According to data from Benzinga Pro, Macy's has a 52-week high of $37.95 and a 52-week low of $15.85.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.