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Earnings live: Adobe stock rises on upbeat sales outlook, RH slides as tariffs bite

Macy’s (M) raised its fiscal year outlook on Wednesday after posting better-than-expected quarterly results across the board, with same-store sales growth a bright spot. While revenue and adjusted earnings fell, both came in higher than Wall Street had forecast. Shares in the retail giant jumped more than 12% in premarket trading after the earnings report. Macy's second quarter revenue fell 2.53% to 4.81billionbuttoppedexpectationsof4.81 billion but topped expectations of 4.71 billion, per Bloomberg consensus data. Adjusted earnings pe ...