CINCINNATI (AP) — Macy’s Inc. (M) on Wednesday reported fiscal first-quarter earnings of $139 million.<\/p>\n
The Cincinnati-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share.<\/p>\n
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.<\/p>\n
The department store operator posted revenue of $5.54 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $5.44 billion.<\/p>\n
Macy’s expects full-year earnings in the range of $3.75 to $3.95 per share.<\/p>\n
Macy’s shares have increased 19 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 1 per cent. The stock has risen 29 per cent in the last 12 months.<\/p>\n
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This story was generated by Automated Insights (http:\/\/automatedinsights.com\/ap<\/a>) using data from Zacks Investment Research. Access a Zacks stock report on M at https:\/\/www.zacks.com\/ap\/M<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" CINCINNATI (AP) — Macy’s Inc. (M) on Wednesday reported fiscal first-quarter earnings of $139 million. The Cincinnati-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9786"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=9786"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9786\/revisions"}],"predecessor-version":[{"id":9787,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9786\/revisions\/9787"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=9786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=9786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=9786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}