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J. C. Penney (JCP) Reports Q1 Results; Sees Q2, FY09 Earnings Below the Street

May 15, 2009 7:55 AM EDT
JCP Hot Sheet
Revenue Growth %: +79,849.2%

Financial Fact:
Pension: 28M

Today's EPS Names:
TARO, BRLI, TLB, More
J. C. Penney Company, Inc. (NYSE: JCP) reports Q1 EPS of $0.11, 1 cent better than the analyst estimate of $0.10. Revenue for the quarter was $3.88 billion, versus the consensus of $3.88 billion.

Sees Q2 sales down 7-10%, with a loss of $0.15-$0.25, which compares to the Street estimate of ($0.09).

Now sees FY09 same store sales down 9% and EPS of $0.50-$0.65, versus the consensus of $0.76.

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