News Summary

Shares of MasterCard Inc MA fell about 0.7% after the company reported Q4 earnings. The company's net income came in at $415 million, or $3.16 per share, compared with $294 million, or $2.24 per share, in the year-ago period. The firm's net revenue increased 10.7% to $1.4 billion. However, analysts were expecting earnings of $3.03 per share on revenue of $1.4 billion. Shares of Macy's Inc M rose about 0.6% after the retailer reported 2.6% rise in its January comparable-store. The retailer's total sales increased 4.6% to $1.31 billion. However, analysts expected same-store sales to rise 2.1%. Macy's FQ4 comparable sales increased 4.3%. The company's Q4 sales increased 5.4% to $8.27 billion. However, analysts were expecting Q4 sales of $8.28 billion. Shares of Kohl's Corp KSS gained about 0.8% about after the retailer reported 1.4% rise in its January same-store sales. However, analysts were expecting same-store sales to increase by 2.4%. The company said, "The Midwest region reported the strongest comp sales for the month on a regional basis, with the Northeast region being most affected by snowstorms during the month." Read more from Benzinga's Markets.
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Posted In: EarningsNewsRetail SalesIntraday UpdateMarketsConsumer DiscretionaryData Processing & Outsourced ServicesDepartment StoresInformation TechnologyNews Summary
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