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Macy's Inc Raises Q4 2012 EPS Guidance


Thursday, 7 Feb 2013 08:00am EST 

Macy's Inc announced that given its strong January performance, the Company is raising fourth quarter 2012 earnings guidance to the level previously provided in November 2012. Earnings per diluted share for the fourth quarter of 2012 is now expected in the range of $1.94 to $1.99, excluding costs associated with the previously announced debt tender offer and store closings. This compares with earnings guidance provided on January 3, 2013 for fourth quarter earnings in the range of $1.91 to $1.96 per diluted share, excluding those costs. Including the 22 cents per diluted share for costs associated with the debt tender offer and store closings, earnings per diluted share for the fourth quarter of 2012 are now expected to be in the range of $1.72 to $1.77. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.96 for the fourth quarter of 2012. 

Company Quote

62.59
-1.48 -2.31%
19 Dec 2014