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Macy's Inc. Q1 adjusted earnings Beat Estimates

Macy's Inc. (M) revealed a profit for first quarter that decreased from last year.

The company's bottom line came in at $136 million, or $0.44 per share. This compares with $139 million, or $0.45 per share, in last year's first quarter.

Excluding items, Macy's Inc. reported adjusted earnings of $137 million or $0.44 per share for the period.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.7% to $5.50 billion from $5.54 billion last year.

Macy's Inc. earnings at a glance:

-Earnings (Q1): $137 Mln. vs. $149 Mln. last year.
-EPS (Q1): $0.44 vs. $0.48 last year.
-Analysts Estimate: $0.33
-Revenue (Q1): $5.50 Bln vs. $5.54 Bln last year.

Full year EPS guidance: $3.05 to $3.25

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