Charted: Macy's outlook disappoints

Macy's today lowered its full-year earnings outlook, attributing the trim to cautious consumer spending and a misstatement of expenses.

• Shares fell over 11% earlier in the day, but rebounded amid a broader market rally to close down just 1%.

The intrigue: The company concluded an investigation into an employee who intentionally hid $151 million in expenses from Macy's financial reports over three years.

• The now-former employee was reportedly trying to hide their own accounting error.