Loss, Third Quarter Earnings | featured news

J.C. Penney reports hefty 3Q loss

J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.

 

Times Co. Shows Loss but Beats Forecast

The New York Times Company reported a $35.6 million loss for the third quarter on falling advertising revenue, but deep cost-cutting and newspaper price increases helped beat projections.

 

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