Macy's Inc. Q1 adjusted earnings Beat Estimates

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(RTTNews.com) - Macy's Inc. ( M ) released earnings for its first quarter that increased from the same period last year.

The company's earnings came in at $139 million, or $0.45 per share. This compares with $78 million, or $0.26 per share, in last year's first quarter.

Excluding items, Macy's Inc. reported adjusted earnings of $131 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.35	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $5.54 billion from $5.35 billion last year.

Macy's Inc. earnings at a glance:

-Earnings (Q1): $131 Mln. vs. $38 Mln. last year.
-EPS (Q1): $0.42 vs. $0.12 last year.
-Analysts Estimate: $0.35

-Revenue (Q1): $5.54 Bln vs. $5.35 Bln last year.


Full year EPS guidance: $3.75 to $3.95

For comments and feedback: contact editorial@rttnews.com


This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: M ,

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