Investing.com - Macy’s Inc reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $-2.03 on revenue of $3.02B. Analysts polled by Investing.com forecast EPS of $-2.14 on revenue of $3.02B. .
For the year, Macy’s Inc shares are down 59.53%, under-performing the S&P 500 which is down 4.04% year to date.
Macy’s Inc follows other major Services sector earnings this month
On June 11, Lululemon Athletica reported first quarter EPS of $0.22 on revenue of $651.96M, compared to forecasts of EPS of $0.23 on revenue of $691.63M.
IHS Markit Ltd earnings beat analyst's expectations on June 23, with second quarter EPS of $0.69 on revenue of $1.03B. Investing.com analysts expected EPS of $0.67 on revenue of $1.05B
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