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Macy’s blows past expectations and raises guidance





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Macy’s reported first-quarter results that exceeded Wall Street estimates and raised its full year guidance, sending shares up as much as 12% ahead of Wednesday’s opening bell.

The retailer earned an adjusted $0.42 a share as revenue rose 3.6% versus a year ago to $5.54 billion. Those figures easily beat the $0.35 and $5.43 billion that Wall Street analysts surveyed by Bloomberg were expecting. Additionally, owned read more >>>

Source:: BusinessInsider.Com

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