Macy's (M) Trims Q4 SSS and EPS Views
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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.
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