Macy's (M) Q1 Earnings and Revenues Surpass Estimates

Macy's (M) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of$ 0.14 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this department store operator would post earnings of$ 1.55 per share when it actually produced earnings of $1.80, delivering a surprise of 16.13%.Over the last four quarters, the co ...