Macy's (M) Tops Q3 EPS by 5c; Comps Outpace; Forms Alliance with Brookfield Asset Management
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/24/2026
Go back to Macy's (M) Tops Q3 EPS by 5c; Comps Outpace; Forms Alliance with Brookfield Asset Management
November 10, 2016 8:00 AM EST
CINCINNATI--(BUSINESS WIRE)--
Macys, Inc. (NYSE: M) today reported diluted earnings per share of 5
cents in the third quarter of 2016 ended October 29, 2016. Excluding
non-cash retirement plan settlement charges of $62 million, or 12 cents
per diluted share (as described below), third quarter earnings per share
were 17 cents. The companys earnings for the third quarter of 2016
compare with 36 cents per diluted share in the third quarter of 2015, or
56 cents per diluted share excluding asset impairment and other charges
of $111 million, or 20 cents per diluted share, primarily related to
store closings.
The company also reaffirmed its previous... More
November 10, 2016 8:00 AM EST
CINCINNATI--(BUSINESS WIRE)--
Consistent with its previously announced strategy, Macys, Inc. (NYSE: M)
today announced it is forming a strategic alliance with Brookfield Asset
Management, a leading global alternative asset manager, to create
increased value in its real estate portfolio.
Brookfields investments in real estate span all major sectors - retail,
office, multi-family, industrial and hospitality. Brookfield is one of
the few firms with both the capital and the operating capability
required for this type of partnership. Together, the companies believe
they will be able to realize the development potential of Macys... More
