Comment On J.c. Penney Posts Loss; Stock Slumps

J.C. Penney Posts Loss; Stock Slumps

J.C. Penney swung to a loss in its latest quarter on restructuring costs and a 20% drop in sales. Its shares fell sharply, as the retailer also suspended its dividend.

Topics:  j.c penney   loss   
BING NEWS:
  • J.C. Penney stock soars after chains posts profit
    Investors were encouraged by better results at a range of retailers, including J.C. Penney, whose stock rose 25.3 percent. The chain swung to a fourth- quarter profit after a big loss in the same period a year earlier. Penney also had its first quarterly ...
    02/27/2014 - 4:33 pm | View Link
  • J.C. Penney posts lower fourth-quarter results, but shares surge
    But the company posted a lower-than-expected loss of 68 cents a share, vs. 85 cents forecast by Wall Street. Same-store sales were up 2% over the fourth quarter over a year ... says short traders were behind Penney's stock rally. "This is a pretty heavily ...
    02/26/2014 - 9:18 am | View Link
  • J.C. Penney Posts Profit On Tax Gains, Stock Up 14%
    ... Penney shares gained 14 percent in after-hours trade on the New York Stock Exchange on top of a near 6 percent rally at the close of markets. Excluding items, J.C. Penney's loss for the quarter was lesser than what Wall Street estimated while revenue ...
    02/26/2014 - 8:42 am | View Link
  • J.C. Penney posts big loss, but CEO is upbeat
    Expectations for J.C. Penney's second quarter were bleak. But the troubled retailer's performance was even worse than those forecasts. J.C. Penney reported a loss of $586 million ... after the market opened. The stock briefly dipped into the red by ...
    08/20/2013 - 9:13 am | View Link
  • J.C. Penney posts bigger 1Q loss than expected
    Penney on Thursday reported that it widened its loss in the first quarter on a 16 percent drop in revenue. It marks the fifth-straight quarter that the company has posted large declines. The company's stock fell 2 percent in extended trading after the ...
    05/16/2013 - 9:49 am | View Link
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    07/29/2014 - 1:36 am | View Website
  • jcp Stock Price Today
    jcp - latest company news, stock quote, historical share prices, splits, options, earnings, estimates, ratings, cash flow and market valuation for J.C. Penney Co. Inc..
    07/28/2014 - 1:54 pm | View Website
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    07/28/2014 - 10:41 am | View Website
  • J. C. Penney
    In 1962, J. C. Penney entered discount merchandising with the acquisition of General Merchandise Company which gave them The Treasury stores. These discount ...
    07/28/2014 - 2:27 am | View Website
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