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Macy's
M reported a rise in its third-quarter profit.
Macy's quarterly profit surged to $177 million, or $0.47 per share, versus a year-ago profit of $145 million, or $0.36 per share.
Its sales climbed 3.3% to $6.28 billion. However, analysts were expecting a profit of $0.39 per share on sales of $6.18 billion.
Its same-store sales increased 3.5%, beating analysts' expectations for a 2.1% rise.
Macy's shares gained 7.17% to $49.65 in pre-market trading.
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