Evercore ISI Downgrades Macy's (M) to Hold
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Macy’s, Inc. Reports Third Quarter Results
November 11, 2015 8:01 AM ESTCompany updates guidance, outlines strategy on real estate
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported earnings per share of 36 cents in the third quarter of 2015, ended Oct. 31, 2015. Excluding asset impairment charges of $111 million, or 20 cents per share, primarily related to the previously-announced plans to close 35 to 40 stores in early 2016, third quarter earnings per share were 56 cents per share. This compares with 61 cents per diluted share in the third quarter of 2014.
(Editors Note: This morning, Macys, Inc and Luxottica Group also issued a separate news... More
