J.C. Penney sees bigger loss than expected

The bigger-than-expected. market share loss over the next 12 months,” said Morgan Stanley analyst Michelle Clark. “We see downside risk to management’s (fourth-quarter) outlook on both the top line.

Big loss and bigger-than-expected sales shortfall don’t hold shares back.. See you at the top! Best Credit Cards. J.C. Penney Reports 12% Drop in Sales Big loss and bigger-than-expected.

JC Penney (JCP) Q2 Loss Wider than Expected, Affirms View.. J. C. penney posted loss per share of 9 cents wider than the Zacks Consensus Estimate of a loss of 6 cents.. 5 Trades Could Profit.

J.C. Penney Co. (JCP – Get Report) was down more than 25% on Thursday, Aug. 16, after the retailer reported a net loss of $101 million, or 32 cents a share, wider than the year-earlier loss of $48.

J.C. Penney started out a pivotal year under new management with a bigger sales decline and wider loss than analysts expected. The transformation of 117-year-old Penney, "will take time" said.

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J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.

Major retailers reported generally sluggish october sales thursday, with J.C. Penney Co. warning of a bigger-than-expected loss in its fiscal third quarter, as analysts said the reports suggest a.

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NEW YORK – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its.

J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year.

Penney are solidly in bear market territory at 38.7% below the 2018 high of $4.75 set on Feb. 27. The stock is also 7.8% above its 2018 low of $2.70 set on May 8. (See also. to be seen whether a.

J.C. Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the struggling retailer "back on a path to profitable growth."

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