- Company News: Macy's (M) quarterly earnings beat analysts’ forecast
Notícias do Mercado
21 novembro 2019
Company News: Macy's (M) quarterly earnings beat analysts’ forecast
Macy's (M) reported Q3 FY 2019 earnings of $0.07 per share (versus $0.27 in Q3 FY 2018), beating analysts’ consensus estimate of -$0.01.
The company’s quarterly revenues amounted to $5.173 bln (-4.3% y/y), missing analysts’ consensus estimate of $5.315 bln.
The company also issued downside guidance for FY 2019, projecting EPS of $2.57-2.77 (prior guidance of $2.85-3.05) vs. analysts’ consensus estimate of $2.80 and revenues of $24.35-24.47 bln (down 2-2.5%, previously saw approximately flat) vs. analysts’ consensus estimate of $24.85 bln.
M fell to $14.30 (-4.79 %) in pre-market trading.
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