PLANO, Texas — J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.<\/p>\n
The company’s outlook for the year is short of most projections, however. Shares slid 5 per cent early Thursday.<\/p>\n
The loss was $78 million, or 25 cents per share. The loss, adjusted for one-time items, was 22 cents per share.<\/p>\n
The Plano, Texas, department store posted revenue of $2.67 billion, beating projections of $2.6 billion, according to a survey by Zacks Investment Research.<\/p>\n
J.C. Penney Co. expects full-year results to range from a loss of 7 cents per share to earnings of 13 cents per share.<\/p>\n
———-<\/p>\n
Portions of this story were generated by Automated Insights (http:\/\/automatedinsights.com\/ap<\/a>) using data from Zacks Investment Research. Access a Zacks stock report on JCP at https:\/\/www.zacks.com\/ap\/JCP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" PLANO, Texas — J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue. The company’s outlook for the year is short of most projections, however. Shares slid 5 per cent early Thursday. The loss was $78 million, or 25 cents per share. The loss, adjusted for […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9967"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=9967"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9967\/revisions"}],"predecessor-version":[{"id":9993,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9967\/revisions\/9993"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=9967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=9967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=9967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}