UBS Trims EPS Estimates On Macy's Following Q2 Earnings

In a note released Thursday, UBS analyst Michael Binetti cut his 2014 and 2015 EPS estimate for Macy's M from $4.49 and $5.00 to $4.43 and $4.94, respectively.

Binetti explained the reduction to 2014 EPS estimates was due to the company's $0.06 miss in the second quarter and not a reduction in his estimates for the second half of the year.