Macy's Beats on Earnings, Misses on Revenues, Shares Volatile

Loading...
Loading...
Macy's Inc.
M
beat on earnings, 61 cents versus expectations of 50 cents a share, and missed on revenues, $6.195 billion versus consensus of $6.34 billion. The company also lowered their guidance, now expected to be in the range of $4.25 to $4.35, compared with prior guidance in the range of $4.40 to $4.50. Comparable sales were down 0.7 percent in the third quarter of 2014 versus 2013. The company repurchased approximately 9.0 million shares of stock in the third quarter of 2014, providing a boost to EPS. Shares of M were trading lower bt 7 percent immediately following the earnings release, but have since turned highe rto tarde up nearly 2 percent in a volatile pre-market session.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsTop StoriesConsumer DiscretionaryDepartment Stores
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...