— The consumer electronics retailer shed 1.9% after its fiscal year earnings and revenue guidance came in lighter than expected. Best Buy said it expects a sales decline of 3% to 6% for the year, citing the macro environment. However, its quarterly earnings beat estimates.— The retailer advanced 7.3% after beating expectations on per-share earnings and meeting them on revenue, according to Refinitiv. Macy's recorded $1.71 in earnings per share for the fourth quarter, above the $1.
JPMorgan moved the stock to underperform from neutral, citing future challenges ahead after the firm cited a warning that it may not be able to meet its financial obligations without liquidating in the next yea. Canaccord Genuity downgraded the stock to hold from buy, saying the firm has been managed well but it wants to move to the sidelines while the dust from the recent filling settles.— The digital authentication company added 15.
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