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Inc.","value":266.719745,"marketCap":41074840807},{"symbol":"GLBE","name":"Global-E Online Ltd.","value":-85.78608,"marketCap":6480966777},{"symbol":"HOUR","name":"Hour Loop Inc","value":34.062472,"marketCap":60446751},{"symbol":"JFBR","name":"Jeffs Brands","value":-0.159137,"marketCap":1057468},{"symbol":"LGCB","name":"Linkage Global Inc.","value":-18.481162,"marketCap":8119440}]}},"$inf$@#url:\"https://stock-news.skytigris.cn/v2/news/list\",params:#symbols:\"M\",pageSize:16,pageCount:8,lang_content:\"en\",edition:\"fundamental\",,,undefined,":[{"items":[{"id":"2490865340","title":"US STOCKS-Wall St advances as inflation data cements December rate-cut hopes","url":"https://stock-news.laohu8.com/highlight/detail?id=2490865340","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490865340?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:58","pubTimestamp":1733929090,"startTime":"0","endTime":"0","summary":"US STOCKS-Wall St advances as inflation data cements December rate-cut hopesFor a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.November CPI at 2.7% YoY, in line with estimates GameStop rises after reporting Q3 profitMacy's drops after adjusted profit forecast cutIndexes up: Dow 0.21%, S&P 500 0.56%, Nasdaq 0.95%Updates after market openBy Purvi Agarwal and Shashwat Chauhan. Among other movers, GameStop GME.N gained 5.2% after the videogame retailer reported a profit for the third quarter on cost-saving efforts.Broadcom AVGO.O jumped 3.5% following a report that Apple AAPL.O is developing its first server chip specially designed for artificial intelligence with the company. Macy's M","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241211:nL4N3NC123:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["HK0000320264.USD","SG9999011175.SGD","SG9999000418.SGD","LU2237443465.HKD","LU1235294995.USD","HK0000306685.HKD","LU2272731865.HKD","LU2237443895.HKD","LU0302445910.USD","LU2083900584.USD","LU0289961442.SGD","LU1267930490.SGD","LU2023251221.USD","AVGO","LU2237443622.USD","LU0203347892.USD","LU0861579265.USD","AAPL","IE00B775SV38.USD","LU0061475181.USD","BK4561","LU1582986359.USD","LU2065171402.SGD","LU0198837287.USD","IE00B775H168.HKD","SG9999014906.USD","LU2097344431.USD","BK4532","LU0965509010.AUD","GME","BK4547","BK4581","LU1429558221.USD","LU0456855351.SGD","LU0640476718.USD","LU2430703251.USD","IE00B4YYXB79.USD","M","LU2272731782.SGD","LU1791710582.SGD","LU2505996509.AUD","SG9999014567.USD","LU2552382132.HKD","LU1718418525.SGD","LU0823421333.USD","LU1206713676.USD","LU2237957811.SGD","IE0003U64NQ7.SGD"],"gpt_icon":1},{"id":"2490658068","title":"Macy’s falls -9.6%","url":"https://stock-news.laohu8.com/highlight/detail?id=2490658068","media":"TIPRANKS","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490658068?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:50","pubTimestamp":1733928641,"startTime":"0","endTime":"0","summary":"Macy’s (M) is down -9.6%, or -$1.60 to $15.12. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/macys-falls-9-6?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/macys-falls-9-6?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4588","MIMI","BK4585","BK4220","M","BK4103"],"gpt_icon":0},{"id":"1199696624","title":"Stock Track | Macy's Shares Plummet 12% as Accounting Scandal, Weak Demand Lead to Profit Warning and Store Closures","url":"https://stock-news.laohu8.com/highlight/detail?id=1199696624","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1199696624?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:41","pubTimestamp":1733928109,"startTime":"0","endTime":"0","summary":"Macy's Inc.  shares plummeted over 12% in pre-market trading on Wednesday after the department store chain cut its annual profit forecast and revealed an accounting scandal involving hidden delivery expenses. The company also announced plans to accelerate store closures amid weak demand.In its fiscal third-quarter earnings report, Macy's slashed its adjusted earnings per share guidance for fiscal 2024 to a range of $2.25 to $2.50, down from its previous outlook of $2.34 to $2.69, which had alrea","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["M"],"gpt_icon":0},{"id":"2490869173","title":"Macy's Stock Tumbles on Lower Sales, Resolved Accounting Probe","url":"https://stock-news.laohu8.com/highlight/detail?id=2490869173","media":"Investopedia","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490869173?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:38","pubTimestamp":1733927883,"startTime":"0","endTime":"0","summary":"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, with sales declining at Macy's stores and rising at its higher-end brands Bloomingdale's and Bluemercury.The company's probe into an accounting issue has ended, and found that a single employee acted alone in covering up some $151 million in expenses since 2021.Macy's  shares fell Wednesday morning after the company posted its delayed third-quarter earnings report and shifted its full-year outlook to adjust for the completed investigation into the accounting error that led to the report being delayed.The retailer reported $4.74 billion in revenue, in line with the preliminary results it released last month, and below the $4.88 billion analysts expected, according to estimates compiled by Visible Alpha.Macy's net income of $28 million, or 10 cents per share, outpaced the $6.4 million an","market":"hk","thumbnail":"https://www.investopedia.com/thmb/d__KzNMVWcNXcilQvZBYitUf1KQ=/4000x2668/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2188466341-460c90b7ff3e48acbf46cb34f70c6386.jpg","type":0,"news_type":0,"thumbnails":["https://www.investopedia.com/thmb/d__KzNMVWcNXcilQvZBYitUf1KQ=/4000x2668/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2188466341-460c90b7ff3e48acbf46cb34f70c6386.jpg"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.investopedia.com/macys-earnings-8759479","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investopedia_highlight","symbols":["M"],"gpt_icon":0},{"id":"2490308868","title":"Shares of Macy's Down 10% After Annual Adjusted Profit Forecast Cut","url":"https://stock-news.laohu8.com/highlight/detail?id=2490308868","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490308868?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:32","pubTimestamp":1733927561,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241211:nFWN3NC0NR:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4585","BK4588","BK4103","BK4220","M"],"gpt_icon":0},{"id":"2490683158","title":"Macy's Inc reports results for the quarter ended October 31 - Earnings Summary","url":"https://stock-news.laohu8.com/highlight/detail?id=2490683158","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490683158?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:31","pubTimestamp":1733927464,"startTime":"0","endTime":"0","summary":"Macy's Inc reports results for the quarter ended October 31 - Earnings SummaryMacy's Inc M.N reported quarterly adjusted earnings of 4 cents per share for the quarter ended October 31, lower than the ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241211:nL8N3NC1BZ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["M"],"gpt_icon":0},{"id":"2490862484","title":"Macy's (M) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2490862484","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490862484?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:30","pubTimestamp":1733927403,"startTime":"0","endTime":"0","summary":"For the quarter ended October 2024, Macy's  reported revenue of $4.74 billion, down 2.4% over the same period last year. EPS came in at $0.04, compared to $0.21 in the year-ago quarter.The reported revenue represents a surprise of +0.28% over the Zacks Consensus Estimate of $4.73 billion. With the consensus EPS estimate being $0.07, the EPS surprise was -42.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Net Sales- Other Revenue: $161 million compared to the $154.50 million average estimate based on four analysts.Net Sales- Other Revenue- Credit card revenues, net: $120 million versus $128.47 million es","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/XxozWWpdDFgGg6m0CzltLg--~B/aD02MDI7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/45c083e4721b0d0d1f6e431ec0bb5cc1","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/XxozWWpdDFgGg6m0CzltLg--~B/aD02MDI7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/45c083e4721b0d0d1f6e431ec0bb5cc1"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/macys-m-q3-earnings-taking-143003554.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["MIMI","M"],"gpt_icon":0},{"id":"2490850764","title":"Macy's Is Maintained at Market Perform by Telsey Advisory Group","url":"https://stock-news.laohu8.com/highlight/detail?id=2490850764","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490850764?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:23","pubTimestamp":1733926980,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/M/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 09:23 ET (14:23 GMT)","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["M","BK4585","BK4588","BK4220","BK4103"],"gpt_icon":0},{"id":"2490850943","title":"Macy's Raises This Year's Store Closing Estimate -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2490850943","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490850943?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:12","pubTimestamp":1733926320,"startTime":"0","endTime":"0","summary":"0912 ET - Macy's expects to close 65 stores this year up from a previous estimate of 55 locations. Macy's finance chief says the company is seeing \"really good deal making.\" He says real estate deals have been at or above Macy's expectations. The company is on track to close 150 weaker stores by the beginning of 2027 so that it can focus on its top locations. Macy's tumbles 11% premarket.  ","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4220","BK4103","BK4585","M","BK4588"],"gpt_icon":0},{"id":"2490186850","title":"Sector Update: Consumer Stocks Flat to Higher Premarket Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2490186850","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490186850?lang=en_us&edition=fundamental","pubTime":"2024-12-11 22:09","pubTimestamp":1733926192,"startTime":"0","endTime":"0","summary":"Consumer stocks were flat to higher premarket Wednesday, with The Consumer Staples Select Sector SPDR Fund  inactive and The Consumer Discretionary Select Sector SPDR Fund  up 0.8%.Macy's  shares were down 11% after the company reported lower fiscal Q3 adjusted earnings and revenue in addition to cutting its fiscal 2024 non-GAAP net income outlook.Dave & Buster's Entertainment  stock was more than 13% lower after the company reported a swing to a fiscal Q3 adjusted loss as revenue fell during the period.PDD Holdings  executives are being pressed by China's top markets watchdog to fix the online retailing platforms' refunds policy, Bloomberg reported, citing people familiar with the matter. PDD Holdings shares were more than 2% lower pre-bell.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0359202008.SGD","PLAY","LU0821914370.USD","LU0979878070.USD","M","HK0000306701.USD","XLY","BK4505","BK4216","LU0594300179.USD","LU0683595622.HKD","LU0823397103.USD","LU0823038988.USD","PDD","LU0328353924.USD","LU1242518931.SGD","BK4220","LU0370786039.SGD","MIMI","LU1048588211.SGD","LU2242644610.SGD","LU0143863198.USD","LU0823397285.USD","LU0633140560.USD","LU0348805143.USD","SG9999002463.SGD","LU0572944931.SGD","BK4501","LU1769817096.USD","BK4103","LU2257852520.SGD","HK0000320223.HKD","LU0348827113.USD","LU0823039010.USD","BK4504","LU0051755006.USD","BK4585","LU0823413660.USD","LU1251922891.USD","IE00B3M56506.USD","LU1770034418.SGD","LU0359201612.USD","LU0708995583.HKD","BK4503","LU1242518857.USD","SG9999014674.SGD","LU1808992512.USD","XLP","LU0823426480.USD","LU0329678170.USD"],"gpt_icon":1},{"id":"2490857586","title":"Macy's Cautious On Remainder Of Year -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2490857586","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490857586?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:52","pubTimestamp":1733925120,"startTime":"0","endTime":"0","summary":"0852 ET - Macy's executives say sales in the current quarter have improved but they remain cautious on the balance of the year. They expect customers to continue to pull back on discretionary spending and are bracing for a heightened promotional environment during the remainder of the holiday season. Macy's sinks 11% premarket.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4220","BK4103","BK4585","BK4588","M"],"gpt_icon":0},{"id":"2490852313","title":"Why Cathie Wood may have the best fund to play Trump 2.0","url":"https://stock-news.laohu8.com/highlight/detail?id=2490852313","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490852313?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:33","pubTimestamp":1733923980,"startTime":"0","endTime":"0","summary":"Exposure to crypto, Musk and defense is bolstering this ETF. Such has been the stock market's resolute rally of late that a two-session retreat in the S&P 500 of just 0.9% seems to have put some traders a bit on edge. The CBOE VIX index VIX, a measure of expected equity volatility known as Wall Street's fear gauge, has risen 11% since hitting a five-month low at the end of last week.Certainly, the manner in which popular momentum plays reversed sharply on Monday raised eyebrows and has some observers warning it's a harbinger of further weakness. This time the dip was not bought, and the S&P 500 SPX closed lower on Tuesday, too.Still, the S&P 500 sits less than 1% below its record high and is still up 26.5% for the year so far. Indeed, the equity benchmark has gained 5.6% since the day before the U.S. election.Sohn notes that even though the suite of ARK ETFs have outperformed the market since the election, some of them, particularly the ARKK, have see","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1691799644.USD","BK4516","LU0069063385.USD","COIN","SGXZ51526630.SGD","LU1629891620.HKD","SPXU","VOO","HOOD","BK4567","BK4534",".SPX","BK4548","OEX","SSO","LU1435385759.SGD","LU2089284900.SGD","BK4507","M","LU1839511570.USD","SDS","LU0057025933.USD","RBRK","TSLA","LU1366333091.USD","LU0234570918.USD","LU1674673428.USD","SPY","FDN","ARKK","ESmain","LU0820561909.HKD","OEF","UPRO","LU0472753341.HKD","BTC.USD.CC","IVV","LU0056508442.USD","MIMI","PLTR","LU0708995401.HKD","LU2125154778.USD","TWLO","LU2023250330.USD","SH","BK4550","BTC.USD.HKCC"],"gpt_icon":1},{"id":"2490852869","title":"Macy's Identifies Material Weakness in Internal Control Over Financial Reporting","url":"https://stock-news.laohu8.com/highlight/detail?id=2490852869","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490852869?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:32","pubTimestamp":1733923958,"startTime":"0","endTime":"0","summary":"Macy's  said Wednesday that it had identified a material weakness in its internal control over financing reporting while preparing its financial statements for the period ended Nov. 2.The department-store company said in a regulatory filing that it identified that a single employee who is no longer with the company intentionally made erroneous accounting entries to understate delivery expenses from Q4 2021 through Q3 2024.The company said the errors, which were caused by manual journal entries and accrued liabilities for delivery and other non-merchandise expenses, had been corrected in revised financial statements.The company said it had begun to implement changes designed to improve its internal control over financial reporting and to remediate the material weakness, including \"re-evaluating the risk of employee circumvention of controls.\"Macy's said it conducted additional reviews to ensure that its consolidated financial statements were prepared in accordance with GAAP.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4585","BK4220","MIMI","BK4588","M","BK4103"],"gpt_icon":0},{"id":"2490852570","title":"Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles","url":"https://stock-news.laohu8.com/highlight/detail?id=2490852570","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490852570?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:32","pubTimestamp":1733923944,"startTime":"0","endTime":"0","summary":"Macy&#39;s Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an accounting investigation.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4220","M","BK4588","BK4103","BK4585"],"gpt_icon":0},{"id":"2490863623","title":"Macy's warns of 'material weakness' in internal control, cuts outlook; stock falls","url":"https://stock-news.laohu8.com/highlight/detail?id=2490863623","media":"Investing.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490863623?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:29","pubTimestamp":1733923792,"startTime":"0","endTime":"0","summary":"Investing.com -- Macy’s Inc  disclosed a “material weakness” in its internal controls for financial reporting, specifically related to manual journal entries for delivery expenses and certain other non-merchandise expenses. The retailer also slashed its annual profit forecast, sending its shares tumbling more than 10% in premarket trading Wednesday.The company identified deficiencies in the design of its controls, noting that the controls did not adequately account for the risk of employees bypassing them. This oversight affected the accuracy of accrued liabilities tied to delivery and other non-merchandise costs.“The Company identified that a single employee, who is no longer with the Company, intentionally made erroneous accounting entries and falsified underlying documentation, to understate delivery expenses from the fourth quarter of 2021 through the third quarter of 2024,” Macy’s said in a 8-K filing.“As the Company evaluates and enhances its internal control over financial repor","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/macys-warns-material-weakness-internal-132952553.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4220","BK4103","BK4585","M","BK4588"],"gpt_icon":0},{"id":"2490703851","title":"BUZZ-Macy's slides after cutting annual profit forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2490703851","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490703851?lang=en_us&edition=fundamental","pubTime":"2024-12-11 21:13","pubTimestamp":1733922832,"startTime":"0","endTime":"0","summary":"BUZZ-Macy's slides after cutting annual profit forecast** Shares of retailer Macy's M.N down ~10% at $15.06 premarket** Company cuts annual adjusted EPS forecast to between $2.25 and $2.50 from prior forecast of $2.34 to $2.69, which was adjusted for an accounting error, as it struggles with increased promotions during the holiday shopping season amid weak demand** Last month, Macy's said an employee made wrong accounting entries to hide about $132 mln to $154 mln of delivery expenses between Q4 of 2021 through Q3 of 2024** Company had then delayed its Q3 results** Before disclosing the error, the EPS forecast was $2.55 to $2.90** Company's Q3 adjusted EPS of 4 cents beats analysts' estimate of 2 cents, while net sales of $4.74 bln misses expectation of $4.78 bln - data compiled by LSEG** Stock down 16% YTD, as of last close  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241211:nL4N3NC0TY:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4103","M","BK4585","BK4220","BK4588"],"gpt_icon":0}],"pageSize":16,"totalPage":13,"pageCount":8,"totalSize":200}]}}