Macy’s tops Street 2Q forecasts
CINCINNATI — Macy’s Inc. (M) on Thursday reported fiscal second-quarter net income of $11 million. The Cincinnati-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks