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

Investors shouldn’t take short sellers lightly. Whatever an investor’s opinion of short sales, short sellers usually. retailers and too many stores meaning some will fall by the wayside, with J.C.

The bump in the shares — 3.5% higher to $9.18 by mid-day — came as Imperial Capital raised its ratings on J.C. Penney’s short-term bonds. third-quarter adjusted loss of $457 million, or $1.81 a.

Revenue declined by 12% in its most recent quarter compared with the same period in the previous fiscal year, and Wall Street analysts continue to project net losses for J.C. Penney. both sales and.

It has been a long time since J C Penney Company Inc (NYSE:JCP) investors had anything to cheer about. jcp stock is down roughly 58% so far this year, sales continue to. Wall Street is expecting a.

"We think [earnings per share] will eventually fall short of market expectations. Off-price retailers have had quite a streak, soaking up sales, much of it siphoned from department stores, whether.

Shares of J.C. Penney JCP, -13.54% dropped 4%. The retailer swung to a second-quarter loss. fall 3.4%. The company said late Thursday second-quarter net income fell to $105 million, or 48 cents a.

J.C. Penney’s stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. With earnings and same-store sales falling short. Penney’s net loss widened.

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However, net. double digits. However, these dividends aren’t likely to be sustainable. Many lower-quality malls rent space to distressed tenants like Sears or J.C. Penney and don’t have the.

Shares have added about 3.7% in. growth in Home Fragrance and Fresh Preserving. Net sales at Learn segment came in at $551 million, down 8.9% from the prior-year period. Core sales fell 9.7% due to.

J.C. Penney Co. Inc. (NYSE: JCP) shares dropped on Friday following. Back in May, the retailer said same-store sales fell more than expected during the first quarter and that its net loss nearly.

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Those respective numbers for JCPenney are more than triple and double its ever-shrinking. JCPenney posted a 12% slide in net sales and same-store sales, which translated to an adjusted net loss of.