J.C. Penney (JCP) Misses Q3 EPS by 1c; Cuts FY16 Comps Growth Outlook
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JCPENNEY REPORTS A $39 MILLION INCREASE IN OPERATING INCOME FOR THE THIRD QUARTER 2016; A 140 BASIS POINT RATE IMPROVEMENT OVER THE PRIOR YEAR
November 11, 2016 7:31 AM ESTÂ
Net Loss improves 42 percent over the same period last year
Company reaffirms its full year earnings and $1 billion EBITDA guidance
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PLANO, Texas - (Nov. 11, 2016) - J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its third quarter ended Oct. 29, 2016. Comparable sales were (0.8) % for the third quarter, providing a two-year stack of 5.6 %. Net loss improved... More
