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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.
| Company Name: | J.C. Penney Company Inc. |
| Stock Symbol: | JCP |
| Market: | NYSE |
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