Macy's (M)- Macy's net income rose to $147 million, or $0.35/share, from $7 million, or $0.02/share, in the year-earlier period, which included $0.18/share in restructuring charges. The company raised its full-year profit outlook to $1.85 to $1.90 a share from a previous forecast of as much as $1.80 a share. Also, and more importantly, Macy's management talked about taking market share from their competitors. This is huge, and no one seems to be talking about this statement.
Disney (DIS)- Disney reported a net income of $10.0 billion, or $0.67/share vs what analysts expected of $9.34 billion, or $0.59/share. Disney said the media networks revenue rose 19% to $4.70 billion and studio entertainment revenue rose 30% to $1.6 billion. Also, cable networks revenue rose $561 million to $1.70 billion and parks and resorts revenue rose 3% to $2.80 billion. This was a great quarter for Disney, and ESPN has shown a huge improvement in ad revenue.
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