Macy's third-quarter net income rose 23 percent as some expenses fell.
The retailer's profit topped analysts' estimates, and its shares climbed in Wednesday premarket trading.
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For the period ended Nov. 1, Macy's earned $217 million, or 61 cents per share. That's up from $177 million, or 47 cents per share, a year earlier.
The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
Macy's stock gained $1.03 to $59.62 before the market open.
Its selling, general and administrative expenses dropped in the quarter.
The department store operator's revenue dipped 1 percent to $6.2 billion from $6.28 billion. Analysts expected higher revenue of $6.35 billion, according to Zacks.
Macy's Inc., which has corporate offices in New York and Cincinnati, said that it now foresees 2014 earnings between $4.25 and $4.35 per share. Its prior outlook was for $4.40 to $4.50 per share. Analysts polled by FactSet expect full-year earnings of $4.41 per share.
Elements of this story were generated by Automated Insights using data from Zacks Investment Research. M stock research report from Zacks.
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