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Macy's, Inc. Message Board

  • red325 red325 May 11, 1998 12:42 PM Flag

    Good Earnings !!!!!!!!!!!

    FD is about to post some good numbers early this week.


    Look for a movement in price.

    I have seen some block trades on monday, this is going to go.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • FD beat estimates by over 20% but the price is
      down today? What's up?

      Check out this chart of
      FD's earnings at
      http://www.stockselector.com/research.asp?searchtype=earnings&symbol=fd

      Makes FD look good in the long run!

      • 1 Reply to CMartin_id_was_taken
      • Maybe this is the reason:

        Wednesday May
        13, 8:56 am Eastern Time

        Federated sees slower
        net growth ahead

        CINCINNATI, May 13 (Reuters)
        - Federated Department Stores Inc (FD - news). said
        on Wednesday that it expects
        earnings growth for
        the rest of the year to be lower than that of the
        first quarter.

        Net income for the owner of
        Bloomingdale's, Macy's and Burdines rose 150 percent to $60
        million, or $0.27 per
        diluted share in the first
        quarter ended May 2, 1998 from $24 million, or $0.11 a
        share the year before.

        ``We are pleased with the
        strength of the company's first quarter performance,
        although results for the first quarter are
        not terribly
        significant in the context of the total retail year,'' said
        James Zimmerman, chairman and chief
        executive
        officer, in a statement.

        ``We also believe that the
        strong improvement in earnings in the quarter, while
        encouraging, reflects a higher rate of
        increase than will
        be seen for the balance of the year,'' he
        said.

        Sales for the first quarter of 1998 totaled $3,456
        million, an increase of 1.4 percent over total sales of
        $3,409 million in
        the same period last year. On a
        comparable-store basis, sales for the quarter increased 2.4
        percent.

        Federated currently operates more than 400 department
        stores and 160 specialty stores in 36 states.

 
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