Investing.com - Macy’s Inc reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $-0.81 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $-1.8 on revenue of $3.46B. .
Macy’s Inc shares gained 2.71% to trade at $7.20 in intra-day trade following the report.
For the year, Macy’s Inc shares are down 57.65%, under-performing the S&P 500 which is up 10.01% year to date.
Macy’s Inc follows other major Services sector earnings this month
On Thursday, August 20, 2020, Alibaba ADR reported first quarter EPS of $14.82 on revenue of $153.75B, compared to forecasts of EPS of $13.82 on revenue of $148B.
Walmart earnings beat analyst's expectations on Tuesday, August 18, 2020, with second quarter EPS of $1.56 on revenue of $137.7B. Investing.com analysts expected EPS of $1.25 on revenue of $135.57B
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