Cramer Says J.C. Penney (JCP) Should Not Exist in Today's Retail Marketplace

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J.C. Penney Co., Inc. (JCP) Posts Wide Q3 Loss of $0.93; Sales Light of Views

November 9, 2012 7:02 AM EST

J.C. Penney Co., Inc. (NYSE: JCP) reported Q3 adjusted net loss of ($0.93), $0.86 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.27 billion.

Comparable store sales for the third quarter declined 26.1 percent and total sales decreased 26.6... More