3/2/2023, 1:05 PM (Source: TeleTrader)
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Chart for: Macy's Inc

Macy's climbs 13% after better-than-expected results

Macy's shares soared 13% before the open on Thursday after the company reported better-than-expected results.

Earlier, the company announced that net sales for the fourth quarter of 2022 came in at $8.3 billion, down by 4.6% compared to the same quarter of 2021, while diluted earnings per share (EPS) closed at $1.83.

At 7:04 am ET, Macy's shares rallied 13.07% to sell for $23.10.

Baha Breaking News (BBN) / JG