JCP stock was up 1.95% this morning (Friday) following the retailer's release of second-quarter results after market close on Thursday. After hours on Thursday, shares rose more than 10%.
Despite the jump, we're not ready to buy JCP stock.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
JCP stock was up 1.95% this morning (Friday) following the retailer's release of second-quarter results after market close on Thursday. After hours on Thursday, shares rose more than 10%.
Despite the jump, we're not ready to buy JCP stock.
Here's why these earnings numbers don't have us convinced...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
JCP stock was up 1.95% this morning (Friday) following the retailer's release of second-quarter results after market close on Thursday. After hours on Thursday, shares rose more than 10%.
Despite the jump, we're not ready to buy JCP stock.
Here's why these earnings numbers don't have us convinced...
By Diane Alter, Contributing Writer, Money Morning -
A bad year to date for retailers doesn't appear to be getting any better.
Macy's Inc. (NYSE: M) stock swooned 5% to $56 Wednesday after reporting Q2 earnings shy of estimates and trimming its sales outlook for the full year.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
J.C. Penney Co. Inc. (NYSE: JCP) stock soared 25% in after-hours trading today after the company reported a first quarter earnings per share (EPS) loss of $1.16 on $2.8 billion in revenue.
That beat consensus estimates that had JCP pegged for an EPS loss of $1.25 on $2.7 billion in revenue.
With JC Penney stock is up big after today’s earnings report, here’s the best way to play it…
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
J.C. Penney Company Inc.’s (NYSE: JCP) 36-year-old tale will likely continue in tragedy today (Wednesday), as it is projected to report a $0.81 per share loss in its Q4 2013 earnings after the bell.
That would notch a $239.15 million net loss, compared with a loss of $427 million, or $2.51 cents per share, in the same quarter last year, according to a survey of analysts by Thomson Reuters.
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By Diane Alter, Contributing Writer, Money Morning -