Investing.com - Macy’s Inc reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $-0.19 on revenue of $3.99B. Analysts polled by Investing.com expected EPS of $-0.84 on revenue of $3.88B. .
For the year, Macy’s Inc shares are down 47.12%, under-performing the S&P 500 which is up 10.43% year to date.
Macy’s Inc follows other major Services sector earnings this month
On Thursday, October 29, 2020, Amazon.com reported third quarter EPS of $12.37 on revenue of $96.15B, compared to forecasts of EPS of $7.41 on revenue of $92.78B.
Alibaba ADR earnings beat analyst's expectations on Thursday, November 5, 2020, with second quarter EPS of $18 on revenue of $155.06B. Investing.com analysts expected EPS of $13.82 on revenue of $154.87B
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