Correction: Macy's Q4 Profit Declines, But Results Beat View; Sees 2016 Earnings In Line

Department store chain Macy's, Inc. reported a 31 percent decline in profit for the fourth quarter from last year, reflecting lower sales and higher one-time charges. However, both revenue and adjusted earnings for the quarter beat analysts' expectations. Looking ahead to fiscal 2016, Macy's forecast earnings in line with analysts' estimates.

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