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J.C. Penney sales fall short, net loss doubles; shares sink 10%

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J C Penney stock has tanked this year, losing 69% and touching a record low of $2.35 yesterday. At last check, the security was trading 4.8% higher at $2.63, but JCP shares could sink to new lows.

J.C. Penney stock sinks on falling sales. J.C. Penney reported a net loss of $163 million, or 75 cents per share, on roughly $3.2 billion in sales in the first quarter of 2012.. Analysts had.

J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended april 29. JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles Subscribe

J. C. Penney (JCP) reported first-quarter fiscal 2018 adjusted loss per share of 22 cents that compared unfavorably with the year-ago figure of a penny. JC Penney (JCP) Falls on Q1 Loss, Sales.

J.C. Penney sales fall short, net loss doubles; shares sink 10%, by Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down.

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Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow.

J.C. Penney sales fall short, net loss doubles; shares sink. Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the.

Sales at several store chains slowed during the latest quarter, clouding the outlook for the retail sector as it braces for a significant increase in tariffs on goods imported from China. Sales at Kohl’s Corp., J.C. Penney Co., Nordstrom Inc. and Home Depot Inc. weakened as they experienced a slower.

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(Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in. had expected a 4.21% fall, according to IBES data from Refinitiv. The company’s net loss nearly doubled to $154.

J.C. Penney Stock Is Tumbling Because the Turnaround Remains a Work in Progress barrons.com May 21, 2019 3:05 pm J.C. Penney sales fall short, net loss doubles; shares sink

May 21 Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss. fall in quarterly comparable-store sales on Tuesday after the retailer exited its.