Earnings roundup: Macy's, Pinnacle Foods
Earnings roundup: Macy's earns $217m in 1Q; Pinnacle Foods 1Q net income more than doubles
Among the earnings stories for Wednesday, May 15, from AP Business News:
— Macy's Inc. said that it earned $217 million, or 55 cents per share, in the quarter ended May 4, up from $181 million, or 43 cents per share, a year ago. Revenue rose 4 percent to $6.38 billion. Analysts expected earnings per share of 53 cents on revenue of $6.4 billion.
— Pinnacle Foods Inc., which went public in March, said that its first-quarter net income more than doubled. The company paid less interest as its debt decreased and curbed some costs, offsetting a dip in sales.
