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Macy’s Earnings Smash Expectations. The Stock Flies — Thank the Outlook.

Por: MarketWatch Business March 02, 2023

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Analysts surveyed by FactSet had eyeballed earnings per share at $1.53 on sales of just north of $8.2 billion. The per-share profit figure of $1.88 included a 17 cents income tax benefit linked to the favorable resolution of state litigation, the department store owner said—but earnings still would have come in ahead of estimates excluding that tailwind. Macy’s had previously said revenue for the quarter would for $8.16 billion to $8.4... + full article



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