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home / news releases / JCP - JCP Stock Surges 10% on Small Q3 Loss Sees Lower Sales Going Forward

JCP - JCP Stock Surges 10% on Small Q3 Loss Sees Lower Sales Going Forward

J.C. Penney Company Inc.

JCP stock is moving higher this morning after JC Penney Company Inc (NYSE:JCP) reported a narrower-than-expected loss for the third quarter.

Lower Losses

The iconic department store chain JC Penney has been in all sorts of trouble for much of the year so far due to the mounting debt problems. Today, the company announced its financial results for the third quarter, and contrary to popular expectations, JC Penney actually managed to defy analysts’ estimates with regards to its losses.

The company managed to widen its margins and spent lower on advertising during the quarter. ...

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