By Elephant Analytics: J.C. Penney (NYSE:JCP) recently received a boost from a JPMorgan report that discussed the likelihood of additional store closures and estimated that closing 100 stores would result in a $150 million improvement in EBITDA, and a $3 per share increase in value as a result. Show More Summary
By Brian Gilmartin, CFA: J.C. Penney (NYSE:JCP) the oft-maligned retailer, looks to be showing a technical breakout today, above the $10.30 level, which we cited in our earnings preview on JCP as the level the stock needed to clear to demonstrate some improvement on the chart. Show More Summary
The department store retailer is looking stronger every day, meaning it's important to watch out for what could trip it up.
By Marshall Hargrave: J.C. Penney (NYSE:JCP) managed to post 2Q earnings that had EPS at a $0.75 loss (compared to consensus of a $0.93 loss) and revenues marginally beat consensus. This marked the third quarter in a row that the retailer beat earnings consensus. Show More Summary
Five key investing takeaways from the department store's second-quarter conference call.
By Elephant Analytics: Although J.C. Penney (NYSE:JCP) delivered a solid earnings report in Q2 2014 (with particularly strong improvement in gross margin), there are several items that have made me more confident in the idea that J.C. Show More Summary
By Daniel Jones: Even after rising 4% for the day, shares of J.C. Penney Company (NYSE:JCP) shot up over 10% after the market closed on Aug. 14 in response to better-than-expected revenue and earnings before declining around 3% on Aug. Show More Summary
Patrick T. Fallon/Bloomberg/Getty Images The market is happy with J.C. Penney (JCP) -- for now. Shares of the department store operator initially moved higher after posting better than expected results on Thursday night. Net sales climbed 5 percent to $2.8 billion, fueled by a 6 percent uptick in comparable store sales. Show More Summary
By ValueWalk: By Michelle Jones J.C. Penney Company Inc. (NYSE:JCP) released its latest earnings report last night, surprising Wall Street with losses that weren't as bad as expected. Analysts at Sterne Agee say the department storeShow More Summary
By Achilles Research: That's right. The time of cognitive dissonance is over: After J.C. Penney (NYSE:JCP) delivered a fantastic first quarter with strong comparable store sales growth, second quarter results were equally impressive....Show More Summary
By Ben Kramer-Miller: J.C. Penney (NYSE:JCP) just reported its quarterly results. The stock spiked more than 10% on the news in after-hours trade as panicked short sellers exited their positions. The stock now trades at $10.07/share or just 3.4% above its closing price. Show More Summary
By Bargain Bin: Retailer J.C. Penney (NYSE:JCP) reported its second quarter results after the market closed on August 14, and while the stock initially jumped by as much as 15% after hours, the results were mixed at best. I stated in a previous article that J.C. Show More Summary
By Renee Butler: J.C. Penney (JCP) is soaring in trading Thursday. The stock rose over 4% in normal trading and over 3% in after-hours trading. The boost came after the company reported earnings Thursday, posting improvement for its third quarter in a row after nine straight declining quarters - but don't be fooled. Show More Summary
By SA Transcripts: J. C. Penney Company, Inc. (NYSE:JCP) Q2 2014 Earnings Conference Call August 14, 2014 4:30 pm ET Executives Kristin Hays - SVP, Investor Relations and Communications Edward Record - EVP and CFO Analysts Neely Tamminga...Show More Summary
Department store retailer is off to the races as it swings into the back-to-school season.
PLANO, Texas (AP) — J.C. Penney Co. (JCP) reported a narrower loss for its second quarter that beat Wall Street expectations.