J C Penney (JCP) June Comps Up 4.3%; Adjusts Guidance
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J C Penney Corporation, Inc. (JCP) said June comparable store sales rose 4.3%.
Based on sales and operating performance trends through the June period, management is raising second quarter guidance for earnings from continuing operations to approximately $0.65 per share, an increase of $0.03 per share from previous guidance. The current consensus is $0.64.
For the full year 2006 earnings from continuing operations are expected to be in the range of $4.29 to $4.39 per share. The current consensus is $4.42.
Based on sales and operating performance trends through the June period, management is raising second quarter guidance for earnings from continuing operations to approximately $0.65 per share, an increase of $0.03 per share from previous guidance. The current consensus is $0.64.
For the full year 2006 earnings from continuing operations are expected to be in the range of $4.29 to $4.39 per share. The current consensus is $4.42.
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