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Macy's Raises its Full Year Outlook

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  • Description

    FBN's Liz MacDonald breaks down late-afternoon market news.

  • Duration 1:01
  • Date

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-- I'm not McDonald's your Fox Business -- shares and Macy's are getting a boost.

After the retailer raised its full year outlook.

Macy's says it now expects to report a profit of 330 to 335 -- share.

For the second quarter the company's results topped expectations.

And shares of McDonald's are lower after the company reported that global same store sales in July.

-- flat vs a year ago.

The fast food giant blames austerity measures in Europe and economic volatility around the world for the results.

And Fannie -- did not need any tax -- money for the second quarter.

Reported net income of five point one billion dollars for the period as compared to a loss a year ago the mortgage giant also paid two point nine billion dollars the Treasury Department.

Its second straight quarterly dividend.

And that's the latest in -- Fox Business Network giving you the power to prosper.

This business previous.

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