Macy's (M)

Macy's Wednesday said its third quarter net loss narrowed to $35 million, or 8 cents a share, from $44 million, or 10 cents a share, a year earlier. Excluding one-time items such as $205 million in restructuring costs, its loss was 3 cents a share. Third quarter sales droppped 3.9 percent to $5.28 billion vs. last year's comparable period.
The company forecast earnings for the critical fourth quarter far below Wall Street expectations.

Nov 11 · 10:35:00 AM · Source: Company News Release
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by Larry Etter