JC Penney (NYSE: JCP) reported Q4 EPS of $1.09, $0.01 better than the analyst estimate of $1.08. Revenue for the quarter came in at $5.7 billion versus the consensus estimate of $5.7 billion.

Announces a new $900 million buyback plan.

JC Penney sees Q1 EPS of $0.18-$0.23, versus the consensus of $0.31.

JC Penney sees FY11 EPS of $2.00-$2.10, versus the consensus of $1.57.

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