Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Macy’s Inc Earnings beat, Revenue misses In Q1

Published 15/05/2019, 13:03
Updated 15/05/2019, 13:03
© Reuters.

© Reuters.

Investing.com - Macy’s Inc reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $0.44 on revenue of $5.5B. Analysts polled by Investing.com expected EPS of $0.34 on revenue of $5.54B. That compared to EPS of $0.48 on revenue of $5.54B in the same period a year earlier. The company had reported EPS of $2.73 on revenue of $8.46B in the previous quarter.

Macy’s Inc shares gained 7.48% to trade at $23.43 in pre-market trade following the report.

For the year, Macy’s Inc shares are down 26.8%, under-performing the S&P 500 which is up 14.43% year to date.

Macy’s Inc follows other major Services sector earnings this month


On April 25, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.

Visa A earnings beat analyst's expectations on April 24, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.