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STOCK MARKET NEWS: Salesforce jumps, Best Buy warns, Tesla disappoints

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Investors are sifting through retail earnings from Macy’s, Best Buy and Big Lots, Salesforce stands out after strong results, Elon Musk’s Tesla failed to impress at its investor day. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Macy's store, Philadelphia, Pa., Feb. 19, 2023for the holiday quarter slid with inflation leading some customers to pull back, but it beat Wall Street expectations and its outlook for 2023 didn't disappoint given the uncertain economic environment.between $3.67 and $4.11 per share, compared with analysts projections for per-share earnings of $3.78.

Macy's earned $508 million, or $1.83 per share, in the quarter ended Jan. 28. Stripping out certain items, its earnings were $1.88 per share. That tops the per-share earnings of $1.57 thatSales declined to $8.26 billion from $8.67 billion, but that also topped analyst projections. Macy's Inc. it expects sales of $23.7 billion to $24.2 billion for 2023, which is on the lighters side compared with analyst projections.Posted by Associated PressBest Buy store, Mount Laurel, N.J., Feb.

 

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Stocks making the biggest moves before the bell: Salesforce, Best Buy, Macy's and moreSalesforce rallied on strong earnings, while Best Buy fell after posting its latest quarterly results.
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