Macy's posts quarterly profit

(Reuters) - Department store operator Macy's Inc (NYSE:M - News) reported a quarterly profit on Wednesday against a year-earlier loss on lower merger costs, but sales at stores open at least a year declined.

Net income came to $33 million, or 8 cents a share, for the third quarter ended November 3, compared with a loss of $3 million, or 1 cent a share, a year earlier.