JCPENNEY REPORTS A 1.7 PERCENT INCREASE IN COMPARABLE SALES FOR THE THIRD QUARTER 2017
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UPDATE: J.C. Penney (JCP) Tops Q3 EPS by 10c, Comps Increase 1.7%, Offers Outlook
November 10, 2017 7:33 AM EST(Updated - November 10, 2017 7:46 AM EST)
(Updated - November 10, 2017 7:35 AM EST. Update corrects consensus EPS and headline)
J.C. Penney (NYSE: JCP) reported Q3 EPS of ($0.33), $0.10 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.74 billion.
Comparable sales increased 1.7 % for the third quarter, resulting in a positive two-year stack of 0.9 %.
Outlook
The Company's fiscal... More
