Macy's (M) Misses Q1 EPS by 9c; Boosts Dividend, Buyback Program
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Macy’s, Inc. Reports First Quarter Earnings of 56 Cents Per Diluted Share
May 13, 2015 8:00 AM EDTCompany reiterates full-year 2015 guidance, increases dividend by 15% and raises share repurchase authorization by $1.5 billion
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported earnings of 56 cents per diluted share for the first quarter of 2015, the 13-week period ended May 2, 2015, compared with earnings of 60 cents per diluted share in the first quarter of 2014. The company also announced a 15 percent increase in its dividend on common stock and a $1.5 billion increase in its share repurchase authorization.
We had expected our first quarter sales to grow at... More
