Macy’s, Inc. (M) Stock Surges After Solid Earnings

Macy's, Inc. (NYSE:M) released its earnings report for the three months through November 2 this morning before the market opened on Wall Street. The company showed earnings per share of 47 cents for the third quarter of the year on revenue totaling $6.28 billion. On this morning's pre-market shares in the company trended strongly upward.

In the run up to the release of this morning's report analysts surveyed by Thompson Reuters were looking for earnings of 39 cents per share for the third quarter. Revenue for the period was expected to come in at $6.19 billion. The retailer managed to perform quite...