JC Penney Tanks Following Q3 Report

November 11, 2016 7:53 AM | 1 min read | Make a Comment

Shares of J C Penney Company Inc JCP fell 9 percent early Friday.
The department store chain said it lost $0.21 per share, which matched analysts expectations.
Revenue of $2.86 billion missed by $0.10 billion.
Comparable sales fell 0.8 percent during the quarter.
Net loss for the quarter improved by 42 percent to $(67) million.
Sephora, Home, Salon and Fine Jewelry were highlighted as top performing divisions.
Company expects full year comparable store sales to now increase 1 to 2 percent.
Company also guided full year earnings per share to be positive.

Posted In: Earnings News Guidance Movers Department Stores jcpenney JCPenney Earnings Sephora

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