Why J.C. Penney Company, Inc. Stock SoaredMark Melin
J.C. Penney Company, Inc. (NYSE:JCP) reported a smaller than expected loss, sending the stock higher by over 15% in early trading.
Lower than anticipated loss
The mass-market retailer reported a loss of $0.68 per share on $3.78 billion in revenue. Wall Street had projected $0.85 loss per share on slightly higher revenue, expected at $3.85 . . .
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