Macy's (M) Beats Q2 Earnings and Revenue Estimates

Macy's (M) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +115.79%. A quarter ago, it was expected that this department store operator would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of +14.29%.Over the last four quarters, the ...