Week in Preview: Macy's, Priceline, Others Kick Off Retail Earnings

Filed under: Earnings Reports, Forecasts, Penney (J.C.) (JCP), Agilent Technologies (A), Kohl's Corp (KSS), Economic Data

This week, JCPenney (JCP), Kohl's (KSS) and Macy's (M) are the first of the major retailers to report results for the most recent quarter.

Macy's launched an American Express credit card and increased its mobile presence during the fiscal fourth quarter. The analysts surveyed by Thomson Reuters forecast Macy's earnings for that period come to three cents per share, which compares to a net loss of three cents per share in the same period of last year. The Cincinnati-based department store operator is expected to post revenue of $5.6 billion for the three months that ended in October, which is 5.2% more than a year earlier. For the full year, the forecast calls for earnings of $1.50 per share (+6.7%) and $8.2 billion in revenue (+4.3%). Macy's earnings results have been better than expected in recent quarters by a penny or a few per share.

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Week in Preview: Macy's, Priceline, Others Kick Off Retail Earnings originally appeared on BloggingStocks on Sun, 07 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.

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