Revenue declined to $3.03 billion from $5.50 billion a year ago. Analysts have been calling for Macy's to report a loss of $2.03 per share on revenue of $3.01 billion, according to Refinitiv data. Macy's, which pre-announced its first-quarter earnings on May 21, is not offering a 2020 outlook at this time. Macy's shares as of Tuesday's market close had fallen nearly 60% this year. The company has a market cap of $2.1 billion. Here is the full press release from Macy's.