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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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!
Already a member?Sign in