Macy's (NYSE: M) beats Q2 estimates with $4.87B sales, but shares drop on soft Q3 earnings guidance. Read the market breakdown.

Macy’s will report Q2 earnings Sept. 10; analysts expect EPS of 36 cents on $4.8B revenue. Board declared a 19.15-cent dividend.

Macy's posted strong second fiscal quarter results on Thursday and raised its full-year guidance.