Macy's (NYSE: M) reported Q3 EPS of $0.07, $0.07 better than the analyst estimate of $0.00. Revenue for the quarter came in at $5.17 billion versus the consensus estimate of $5.32 billion.

• Comparable sales decline of 3.9% on an owned basis; decline of 3.5% on an owned plus licensed basis

GUIDANCE:

Macy's sees FY2019 EPS of $2.57-$2.77, versus the consensus of $2.79.

Revised 2019 Annual Guidance	Prior 2019 Annual Guidance
Comparable sales (owned plus licensed)	Down 1.5% to down 1.0%	Flat to up 1%
Comparable sales (owned)	Approximately 20 basis points below comparable sales on an owned plus licensed basis	Flat to up 1%
Net sales	Down 2.5% to down 2.0%	Approximately flat
Adjusted Diluted earnings per share	$2.57 to $2.77	$2.85 to $3.05
Asset sale gains	Approximately $150 million (or $0.37 per share)	Approximately $100 million (or $0.25 per share)
Annual tax rate	23%	23%

For earnings history and earnings-related data on Macy's (M) click here.