M - Macy's Analysts Raise Their Forecasts After Better-Than-Expected Earnings | Benzinga
Macy's Inc (NYSE: M) reported better-than-expected third-quarter earnings.
The company reported a third-quarter FY23 sales decline of 7% year-on-year to $4.86 billion, beating the analyst consensus estimate of $4.79 billion. Adjusted EPS of $0.21 beat the consensus estimate of $0.02, according to data from Benzinga Pro.
The company said it sees FY23 sales of $22.9 billion - $23.2 billion (prior $22.8 billion - $23.2 billion), against the consensus of $23.12 billion. The company ...