macys inc stock m soared 7 in premarket trade thursday after the department store chain beat consensus estimates for the third quarter and raised its fullyear profit guidance the operator of macys bloomingdales and bluemercury stores posted net income of 108 million or 39 cents a share for the quarter down from 239 million or 76 cents a share in the yearearlier period adjusted pershare earnings came to 52 cents ahead of the 18 cent factset consensus sales fell to 5230 billion from 5440 billion a year ago but were ahead of the 5202 billion factset consensus samestore sales fell 31 on an owned basis and were down 27 on an ownedpluslicensed basis the factset consensus was for a decline of 43 chief executive jeff gennette said luxury outperformed at bloomingdales and bluemercury and that the companys polaris strategy that aims to boost profitability is working the company is now expecting fullyear adjusted eps of 407 to 427 up from prior guidance of 400 to 420 it still expects fullyear sales of 24340 billion to 24580 billion shares have fallen 25 in the year to date while the sp 500 spx has fallen 17