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Macy's second quarter adjusted profit tops estimates amid clearance markdowns
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Investing.com -- Macy's, Inc. (NYSE:M) has reported adjusted earnings per share in the second quarter of $0.26, topping estimates, as the department store chain rolled out discounts and promotions to boost demand and clear out its spring collection.
Shares in the company edged lower in choppy premarket U.S. trading on Tuesday.
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