Macy's Inc. (M) Q3 losses lower than expectations

Macy's Inc. (NYSE: M) reported on Wednesday a Q3 loss that narrowed more than expected, helped by its "My Macy's" initiatives to tailor merchandise to local demand and by improved results for its upscale Bloomingdale's chain.

The Q3 results, which beat the analysts' expectations, are likely to push up Macy's Inc. (M) stock on Wednesday.

However, Macy's Inc. (M) guidance released for the full year have fallen short of the analysts' expectations.