KBHB BIG 81
LISTEN LIVE
Bob Looby 5:00am - 11:00am
KBHB ON DEMAND
facebook

News Article

JCPenney-Earnings Report

JCPenney-Earnings Report
JC Penney reports 2Q loss
The Associated Press - August 11, 2017

PLANO, Texas - J.C. Penney is reporting a loss of $62 million in its fiscal second quarter.

The Plano, Texas, company had a loss of 20 cents per share.

Losses, adjusted for one-time gains and costs, came to 9 cents per share, which is 3 cents short of Wall Street expectations, according to a survey by Zacks Investment Research.

The department store posted revenue of $2.96 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $2.87 billion.

J.C. Penney Co. expects full-year earnings in the range of 40 to 65 cents per share.



kbhbradio.com
Phone number: 605-347-4455
E-mail: info@kbhbradio.com
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS