Macy’s 2Q Profit Climbs Nearly 4 Percent
Macy’s Inc. on Wednesday reported a 4 percent increase in earnings in its fiscal second quarter as business rebounded from slow sales earlier in the year. Shares of Macy’s tumbled nearly 5 percent, or $2.92, to $56.84 in premarket trading. Macy’s said its second-quarter net income increased to $292 million, or 80 cents per share, from $281 million, or 72 cents per share, in the same quarter a year earlier.
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