J.C. Penney Co. (JCP) Posts Wider than Expected Q2 Loss of 37c/Sh.; Cuts FY12 Outlook

August 10, 2012 6:20 AM EDT
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J.C. Penney Co., Inc. (NYSE: JCP) reported Q2 loss of $0.37 per share, $0.12 worse than the analyst estimate loss of $0.25 per share.

Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $3.2 billion. Comparable store sales for the second quarter declined 21.7 percent.

The Company no longer anticipates achieving the previously issued non-GAAP earnings guidance for fiscal 2012.

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

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Leon David Peris on 2012-08-12 08:43:40
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Earnings will be back up and soon.

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