Macy’s Q2 EPS $1.00 Beats $0.85 Estimate, Sales $5.60B Beat $5.49B Estimate

Macy’s (NYSE:M) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.85 by 17.65 percent. This is a 22.48 percent decrease over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $5.60 billion which beat the analyst consensus estimate of $5.49 billion by 2.00 percent. This is a 0.83 percent decrease over sales of $5.65 billion the same period last year.