Macy’s Q3 profit jumps 107%, beats estimates

Department store giant Macy’s Inc (M) reported a 107% jump in earnings for the third quarter helped by the combination of healthy brick & mortar stores, robust e-commerce, and a great mobile experience. The bottom line exceeded analysts’ expectations while the top line came in line with consensus estimates. Following this, the stock inched up … Continue reading Macy’s Q3 profit jumps 107%, beats estimates