J.C. Penney Co., Inc. (JCP) Reports Q4 Loss of $1.95, Comps Fall 32%
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J.C. Penney (JCP) Situation Has Gone from Bad to Worse, Thinks Analyst
March 1, 2013 3:24 PM ESTAccording to its most recent Q4 report, the situation at J.C. Penny (NYSE: JCP) has gone from bad to worse. This is illustrated by a dramatic fall in comps, which declined 32 percent. According to analysts at Gilford Securities, there is no reason for investors to become bullish at this time, and the risk of failure is increasing.
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J.C. Penney (JCP) IDRs Downgraded to B- at Fitch
February 28, 2013 5:06 PM ESTFitch Ratings has downgraded the Issuer Default Ratings (IDRs) on J.C. Penney Co., Inc. (NYSE: JCP) and J.C. Penney Corporation, Inc. to 'B-' from 'B'. The Rating Outlook is Negative.
The rating downgrades reflect Fitch's concerns that there is a lack of visibility in terms of the company's ability to stabilize its business in 2013 and beyond after a... More
Sears (SHLD): Thanks for the Great Quarter, JCPenney! (JCP)
February 28, 2013 8:00 AM ESTSears Holdings (Nasdaq: SHLD) and new CEO Eddie Lampert should be thanking at least one competitor for strong quarterly results: JCPenney (NYSE:... More
J.C. Penney (JCP) CEO Johnson declines to provide guidance on current sales
February 27, 2013 5:40 PM ESTJ.C. Penney Co., Inc. (NYSE: JCP) CEO Ron Johnson declines to provide guidance on current sales.... More
J.C. Penney (JCP) Slammed on Weak Q4
February 27, 2013 4:41 PM ESTJ.C. Penney Co., Inc. (NYSE: JCP) is trading down 7 percent following weak results and comps. The company reported Q4 EPS of ($1.95), $1.77 worse than the analyst estimate of ($0.18). Estimates may not compare. Revenue for the quarter came in at $3.88 billion versus the consensus estimate... More
