Macy's (M) Tops Q1 EPS by 13c, Revenue Beats; 'Raises Earnings & Sales Guidance for Fiscal 2018'
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Macy’s, Inc. Reports First Quarter 2018 Earnings
May 16, 2018 8:00 AM EDTContinued improvement in stores and double-digit growth in digital business combine for strong profit and sales performance
Company raises earnings and sales guidance for fiscal 2018
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported first quarter 2018 earnings per diluted share of $0.45, or $0.48 excluding impairment and other costs. This compares to $0.26 per share in the first quarter of 2017 for both reported and adjusted diluted earnings per share. Also excluding asset sale gains, earnings per diluted share attributable to Macys, Inc. were $0.42 in the first quarter of 2018.... More
