J.C. Penney Reports a Surprise Q4 Profit

J.C. Penney (NYSE: JCP) has a tiny sliver of hope.

The struggling retailer recorded a slight profit in the fourth quarter despite reporting a 7% drop in comparable-store sales. J.C. Penney had a net income of $0.08 per share and finished the year with $1.8 billion in liquidity.

J.C. Penney had a better-than-expected quarter. Image source: J.C. Penney.

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Source Fool.com