Macy's (M) Lags Q3 Earnings Estimates

Macy's (M) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this department store operator would post earnings of $0.32 per share when it actually produced earnings of $0.53, delivering a surprise of 65.63%.Over the last four quarters, the c ...