Macy's (M) Tops Q3 EPS by 8c; Comps Outpace Expectations

Macy's (NYSE: M) reported Q3 EPS of $0.47, $0.08 better than the analyst estimate of $0.39. Revenue for the quarter came in at $6.28 billion versus the consensus estimate of $6.19 billion.

Comparable sales rose by 3.5 percent, versus consensus views of a 1.9 percent gain.

The company reiterated its guidance provided in August 2013. Comparable sales are expected to increase in the range of 2.5 percent to 4 percent in the second half of 2013, and in the range of 2 percent to 2.9 percent for the full-year-2013. Earnings for fiscal 2013 are expected in the range of $3.80 to $3.90 per diluted share.

For earnings history and earnings-related data on Macys (M) click here.

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