Federated: Higher-Than-Expected Profit
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Federated Department Stores Inc. , parent of Macy's and Bloomingdale's, posted higher-than-expected quarterly earnings on Wednesday and said it was encouraged by a stronger sales trend in October.
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Federated Department Stores Inc. , the parent of Macy's and Bloomingdale's, reported better-than-expected fourth-quarter profit on Tuesday.
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Federated Department Stores Inc. reported strong fourth-quarter profits Tuesday and said it will change its name to Macy's Group Inc. But the department store operator &#151; still struggling to integrate former May Department Stores Co. stores &#151; offered a profit forecast well below Wall Street expectations.
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Federated Department Stores Inc.  FD.N, parent of Macy's and Bloomingdale's, posted  higher-than-expected quarterly earnings on Wednesday and said  it was encouraged by October sales, nudging its shares up.
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