J.C. Penney Missed in Q3; Here’s Why Shares Rose

Shares of struggling department store chain J.C. Penney (NYSE: JCP) rose in the wake of the company’s freshly delivered third quarter earnings report. This, even though it failed to meet the market’s expectations. For the quarter, the retailer’s net sales slipped by just over 1% on a year-over-year basis to land at $2.86 billion. …read more

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Category: JCP

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