Macy's Surprises with Positive Q3 Earnings Amid Retail Volatility

Macy's reported an unexpected Q3 profit of 9 cents per share, surpassing expectations of a loss. Revenue reached $4.71 billion, exceeding estimates of $4.62 billion, marking a 1.9% beat. The strong performance was attributed to higher-than-expected demand in its core business, despite broader retail sector challenges.