Investing.com - Macy’s Inc reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.23 on revenue of $5.44B. Analysts polled by Investing.com expected EPS of $0.2931 on revenue of $5.16B. .
For the year, Macy’s Inc shares are up 174.13%, outperforming the S&P 500 which is up 24.83% year to date.
Macy’s Inc follows other major Consumer Discretionary sector earnings this month
On November 4, Toyota Motor ADR reported second quarter EPS of $3.96 on revenue of $66.4B, compared to forecasts of EPS of $2.81 on revenue of $63.44B.
Amazon.com earnings missed analyst's expectations on October 28, with third quarter EPS of $6.12 on revenue of $110.81B. Investing.com analysts expected EPS of $8.9 on revenue of $111.55B
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