Company News for Jul 2, 2020

Zacks Equity Research Published on July 02, 2020

Shares of Macy's, Inc. (M - Free Report) plunged 4.4% after the company reported first-quarter fiscal 2020 net sales of $3,017 million fell short of the Zacks Consensus Estimate of $3,028 million.
Shares of FedEx Corporation (FDX - Free Report) soared 11.7% after the company reported fourth-quarter fiscal 2020 earnings of $2.53 per share surpassing the Zacks Consensus Estimate of $1.42.
Shares of Beyond Meat, Inc. (BYND - Free Report) jumped 5.7% after the company reported that it will sell patties in mainland China through Alibaba's Freshippo stores.
Shares of T2 Biosystems, Inc. (TTOO - Free Report) rose 19.7% after the company announced the US launch of its Covid-19 diagnostics test.

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