Macy's: Fiscal Q2 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Macy's Inc. (M) on Thursday reported fiscal second-quarter net income of $169 million.

The New York-based company said it had net income of 62 cents per share. Earnings, adjusted for pretax gains, came to 40 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The department store operator posted revenue of $5.06 billion in the period. Its adjusted revenue was $4.87 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.82 billion.

Macy's expects full-year earnings in the range of $2.15 to $2.35 per share, with revenue in the range of $21.68 billion to $21.83 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on M at https://www.zacks.com/ap/M