Macy's (M) Trims Q4 SSS and EPS Views
Tweet
Share
E-mailGet Alerts M Hot Sheet
Price: $22.42 +2.23%
EPS Growth %: -14.6%
Financial Fact:
Net income: 17M
Today's EPS Names:
RCBC, GASS, YSG, More
EPS Growth %: -14.6%
Financial Fact:
Net income: 17M
Today's EPS Names:
RCBC, GASS, YSG, More
Join SI Premium – FREE
Macy's (NYSE: M) The company now expects same-store sales for the fourth quarter of 2012 to increase by between 3 percent and 3.5 percent. This compares with previous guidance for fourth quarter sales to be up by approximately 4.2 percent.
Earnings per diluted share for the fourth quarter now are expected to be in the range of $1.91 to $1.96, excluding costs associated with the previously announced debt tender offer and the store closings announced today. This compares with previous earnings guidance in the range of $1.94 to $1.99 per diluted share, excluding those costs. The Wall Street consensus is $1.98.
Earnings per diluted share for the fourth quarter now are expected to be in the range of $1.91 to $1.96, excluding costs associated with the previously announced debt tender offer and the store closings announced today. This compares with previous earnings guidance in the range of $1.94 to $1.99 per diluted share, excluding those costs. The Wall Street consensus is $1.98.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barrick Mining said to delay IPO of American gold business to 2027
- CDW to acquire data and AI firm Lovelytics for $525 million
- Snowflake (SNOW) Tops Q2 EPS by 17c, Offers Guidance
Create E-mail Alert Related Categories
Guidance, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
