“Macy’s fiscal first-quarter earnings topped analysts’ estimates and the company raised its fiscal 2011 earnings forecast and its dividend.
Macy’s [M 26.33 
0.15 (+0.57%) 
] said it earned $131 million, or 30 cents a share, in the latest period.
Analysts were expecting Macy’s to earn 18 cents a share.
Sales rose 5.7 percent to $5.89 billion from $5.57 billion a year ago. On a same-store basis, Macy’s sales were up 5.4 percent.”
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