Macy's (M) Q4 Earnings Surpass Estimates

Macy's (M) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.13%. A quarter ago, it was expected that this department store operator would post earnings of $0.07 per share when it actually produced earnings of $0.04, delivering a surprise of -42.86%.Over the last four quarters, the c ...