Why J.C. Penney Company, Inc. Stock Plunged Today
Shares of J.C. Penney Company, Inc. (NYSE: JCP) tumbled Friday after the department store chain posted an underwhelming second-quarter earnings report.
Comparable sales fell again, dropping 1.3%, and the company saw gross margin compress 200 basis points as it liquidated 127 stores. It also reported a wider loss than expected with an adjusted loss per share of $0.09, compared to expectations at a loss of $0.05 and down from a loss of $0.05 a year ago.
The stock had given up 17.2% at 1:04 p.m. EDT.
Source: Fool.com
Macy's Inc. Aktie
14,59 €
-7,76 %
Leichtes Kaufinteresse bei Macy's Inc., mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 17 € für Macy's Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 14.59 € hin.
