Search results
Results from the WOW.Com Content Network
Macy's on Monday delayed its third quarter earnings release as it conducts an internal investigation into an employee hiding up to $154 million of expenses.An employee responsible for small ...
Macy's has delayed Q3 earnings as it investigates over $130 million in hidden expenses. ... The company was due to report its earnings on Tuesday; it said the release is now planned for December ...
Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had ...
(Reuters) -Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell ...
Macy’s, a Fortune 500 company with a $4.34 billion market cap, announced Monday it would delay its third-quarter earnings release and conference call to allow for the completion of an ...
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 ...
Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.
On the day Macy’s announced it had to delay its third-quarter earnings results, its stock price dropped 3.5%. On Wednesday, Macy’s also officially released its third-quarter results since the ...