Macy's raises its guidance after a solid holiday season, but shares are sinking (M)

Macy's announced comparable sales rose 1.1% during November and December and raised its 2017 adjusted earnings-per-share guidance.
The retailer announced it was closing more stores and taking a one-time charge of $0.33.
Shares are slipping on the news.
 
Macy's is sinking Thursday, down 4.07% at $24.30, despite the company posting positive comparable sales for the holiday season and raising its annual guidance. 
The retailer said comparable sales rose 1.1% versus a year ago for the Nov