JC Penny Drops in After Hours on Big Earnings Miss
February 26, 2015 at 16:26 PM EST
Shares of JC Penney (JCP) are tumbling in after-hours trading after the retailer missed earnings forecasts by a wide margin. JC Penney said it broke even during the fourth quarter of 2014, missing the Street consensus for 11 cents. Sales $3,89 billion, narrowly beating forecasts for $3.88 billion. Same store sales rose 4.4% during the [...]
