J.C. Penney (JCP) Posts Wider than Expected Q1 Loss of 25c; to Suspend Qtr. Dividend

May 15, 2012 4:04 PM EDT
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J.C. Penney Co., Inc. (NYSE: JCP) reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.48 billion.

Comps down 18.5%

Stopping quarterly dividend.

Reaffirmed FY2012 non-GAAP EPS guidance, but lowered its GAAP outlook to $1.59.

For earnings history and earnings-related data on J.C. Penney Co., Inc. (JCP) click here.

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