Cincinnati-based retail giant Macy’s Inc.’s earnings exceeded analyst estimates for the second quarter of 2017 despite sales falling for the 10th straight quarter, the company announced Aug. 10.

Macy’s (NYSE: M) reported earnings of 48 cents per share, beating the average analyst estimate of 46 cents. Sales for the quarter totaled $5.5 billion, down 5.4 percent from the same quarter of 2016.

The company attributes the decline in sales to the closing of 68 store locations completed earlier this…

Houston Biz Journal
​Macy's earnings beat analyst estimates; sales fall for 10th straight quarter