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Macy's reports positive Q4, upbeat outlook

For the fourth quarter, net income at Macy’s Inc. fell to 160 million dollars or 50 cents per share from 340 million dollars or 1.09 dollars per share. The company’s adjusted diluted earnings per share were 80 cents compared to analysts’ expectation of 12 cents per share. Sales doe the quarter dropped to 6.78 billion dollars from 8.34 billion...

Feb. 23, 2021