Investing.com – Macy’s Inc reported third quarter that beat analysts’ expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.07 on revenue of $5.17B. Analysts polled by Investing.com expected EPS of $0.01 on revenue of $5.33B. That compared to EPS of $0.27 on revenue of $5.4B in the same period a year earlier. The company had reported EPS of $0.28 on revenue of $5.55B in the previous quarter.
Macy’s Inc shares lost 1.70% to trade at $14.76 in intra-day trade following the report.
Macy’s Inc follows other major Services sector earnings this month
On October 24, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Alibaba ADR earnings beat analysts’ expectations on November 1, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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