JC Penney reports rising same-store sales

AP

Print Article

  • FILE - This Monday, Aug. 19, 2013, file photo shows a J.C. Penney store in Pembroke Pines, Fla. J.C. Penney Co. Inc. reports earnings Friday, Nov. 10, 2017. (AP Photo/J Pat Carter, File)

  • 1

    FILE - In this Friday, March 17, 2017, file photo, shoppers exit a J.C. Penney store in the Georgia Square Mall in Athens, Ga. J.C. Penney Co. Inc. reports earnings Friday, Nov. 10, 2017. (John Roark/Athens Banner-Herald via AP, File)

  • FILE - This Monday, Aug. 19, 2013, file photo shows a J.C. Penney store in Pembroke Pines, Fla. J.C. Penney Co. Inc. reports earnings Friday, Nov. 10, 2017. (AP Photo/J Pat Carter, File)

  • 1

    FILE - In this Friday, March 17, 2017, file photo, shoppers exit a J.C. Penney store in the Georgia Square Mall in Athens, Ga. J.C. Penney Co. Inc. reports earnings Friday, Nov. 10, 2017. (John Roark/Athens Banner-Herald via AP, File)

PLANO, Texas (AP) J.C. Penney is reporting its first bump in same-store sales in more than a year and losses were not as bad as expected, sending shares up 8 percent before the opening bell.

The Plano, Texas, company had a loss of $128 million for the third quarter, or 41 cents per share. Losses, adjusted for one-time gains and costs, came to 33 cents per share, which is a dime better than Wall Street had expected, according to a poll by Zacks Investment Research.

Revenue, at $2.81 billion, also topped expectations Friday.

J.C. Penney Co. expects full-year earnings of between 2 and 8 cents per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JCP at https://www.zacks.com/ap/JCP

Print Article

Read More Business

Movers and shakers

November 22, 2017 at 5:00 am | Coeur d'Alene Press Cancer Care Northwest welcomes Alekhina and Lee Cancer Care Northwest (CCNW) announced the induction of two board-certified nurse practitioners into the practice: Natalya Alekhina, ARNP-C, an...

Comments

Read More

The Latest: States investigate Uber over massive data breach

AP

November 22, 2017 at 4:33 pm | NEW YORK (AP) The Latest on the data breach at Uber (all times local): 6:30 p.m. More U.S. states say they're investigating Uber over the ride-hailing company's massive data breach. Mis...

Comments

Read More

Financial Markets Glance

AP

November 22, 2017 at 3:16 pm | Dow Jones Industrials High: 23,605.77 Low: 23,507.61 Close: 23,526.18 Change: 64.65 Other Indexes Standard&Poors 500 Index: 2597.08 1.95 NYSE Index: 12,390.82 +4...

Comments

Read More

US stocks mostly slip away from their latest record highs

AP

November 22, 2017 at 2:59 pm | NEW YORK (AP) U.S. stocks mostly slipped away from their latest record highs Wednesday as the two former halves of Hewlett-Packard both tumbled, while falling interest rates helped phone companies ...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2017 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X