Macy's posts profit, raises full-year outlook
Macy's net profit fell to $7 million, or 2 cents a share, in the second quarter ended August 1, from $73 million, or 17 cents a share, a year earlier.
The company said it now expects to earn 70 to 80 cents a share for the year excluding one-time items, up from its previous forecasted range of 40 to 55 cents a share.
(Reporting by Ben Klayman, editing by Gerald E. McCormick)