J. C. Penney (JCP) Reports Q4 EPS of $0.94, Beats by 2c; Guides Q1 Sales, Comps, EPS

February 20, 2009 7:53 AM EST
J. C. Penney Company, Inc. (NYSE: JCP) reports Q4 EPS of $0.94, 2 cents better than the analyst estimate of $0.92. Revenues for the quarter were $5.76 billion, versus the consensus of $5.76 billion.

Same store sales for the quarter fell 10.8%.

Sees Q1 same store sales down 12-15%, with revenues down 10-13%. JCPenney sees a Q1 loss of $0.20-$0.30, versus the Street estimate for a loss of $0.19.

UPDATE: Click here to view a summary of some highlights from the company's Q4 conference call.

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Earnings, Guidance, Retail Sales