Investing.com - Macy’s Inc reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.27 on revenue of $5.4B. Analysts polled by Investing.com forecast EPS of $0.14 on revenue of $5.4B. That compared to EPS of $0.23 on revenue of $5.28B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $5.57B in the previous quarter.
For the year, Macy’s Inc shares are up 42.08%, outperforming the S&P 500 which is up 1.43% year to date.
Macy’s Inc follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $52,109M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar