Macy's M reported third-quarter earnings of 7 cents per share on Thursday. This is a 74.07% decrease over earnings of 27 cents per share from the same period last year.
The company reported quarterly sales of $5.173 billion, which missed the analyst consensus estimate of $5.32 billion by 2.76%. This is a 4.27% decrease over sales of $5.404 billion the same period last year.
Macy's cut fiscal year 2019 EPS guidance from $2.85-$3.05 to $2.57-$2.77 versus the $2.79 estimate.
Macy's shares were trading down 6% at $14.14 in Thursday’s pre-market session. The stock has a 52-week high of $35.06 and a 52-week low of $14.11.
Related Links:
Macy's Acknowledges Data Breach, Stock Falls
Macy's Option Trader Makes Massive $2.5M Bearish Bet Ahead Of Earnings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
