J C Penney Company Inc Stock Surges on Surprising Q3 Earnings | InvestorPlace

Investor Place| Fri Nov 10 13:03:39 EST 2017
J C Penney Company Inc (NYSE:) stock was flying high on Friday following the release of a surprising earnings beat for the third quarter of 2107. During the third quarter of the year, J C Penney Company Inc reported losses per share of 33 cents. This is worse off than its losses per share of 21 cents from the same time last year. However, it was a boon for JCP stock by beating out Wall Street’s losses per share estimate of 43 cents for the quarter. JCP stock also got a boost today from revenue of $2.81 billion in the third quarter of 2017. This is down roughly 2% from its revenue of $2.86 billion reported in the third quarter of 2016. Despite this decline, it still came in abo..

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