News Summary

Shares of Macy's Inc M dropped about 1% after the company reported its Q4 profit at $667 million, or $1.55 per share, versus $445 million, or $1.05 per share, in the year-earlier period. The company's sales increased to $8.27 billion from $7.85 billion. Macy's comparable-store sales advanced 4.3%. Macy's projected current-year profit of $2.25 to $2.30 per share. However, analysts were expecting a Q4 profit of $1.51 per share and current-year profit of $2.27 per share. Shares of Office Depot Inc ODP dropped about 0.8% after the company reported a Q4 loss at $48.6 million, or $0.21 per share, versus a loss of $61.6 million, or $0.28 per share, in the year-earlier period. ODP's sales dropped around 3% to $2.96 billion. Excluding one-time charges, the company's earnings came in at $24 million, or $0.09 per share. However, analysts were projecting a loss of $0.03 per share. Shares of Wal-Mart Stores Inc WMT fell about 3.6% after the company reported its FQ4 profit at $6.06 billion, or $1.70 per share, compared with $4.76 billion, or $1.25 per share, in the year-earlier period. The company's sales increased 2.5% to $115.6 billion. Excluding one-time items, the company's earnings came in at $1.34 per share. However, analysts expected earnings of $1.31 per share on sales of $117.5 billion. The company projected Q1 profit of $0.91 to $0.96 per share and new-year profit of $4.35 to $4.50 per share. However, analysts were expecting Q1 profit of $0.96 per share and full-year profit of $4.45 per share. Read more from Benzinga's Markets.