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Macy's 4Q Profit Up 11 Pct; Misses Forecasts

Macy's is reporting an 11 percent increase in fourth-quarter profit, but its results missed Wall Street expectations as a string of winter storms chilled sales in January. The ... More Macy's is reporting an 11 percent increase in fourth-quarter profit, but its results missed Wall Street expectations as a string of winter storms chilled sales in January. The department store chain, which operates Macy's and Bloomingdale's, says that it earned $811 million, or $2.16 per share, in the three months that ended Feb. That compares with $730 million, or $1.83 per share, a year earlier. Revenue slipped 1.6 percent to $9.2 billion. Less

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