Macy's (M) Tops Q3 EPS by 4c, Comps Decline 3.6%

Macy's (NYSE: M) reported Q3 EPS of $0.23, $0.04 better than the analyst estimate of $0.19. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $5.31 billion.

Comparable sales on an owned basis were down 4.0 percent in the third quarter and down 3.6 percent on an owned plus licensed basis.

The company also reaffirmed its sales and earnings guidance for full-year 2017.

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

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