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Stock Market & Financial Investment News

News Breaks
November 8, 2012
12:58 EDTJCPEarnings Preview: J.C. Penney trades lower ahead of Q3 earnings report
J.C. Penney (JCP) is expected to report Q3 earnings before the market open on Friday, November 9, with a conference call scheduled for 8:00 am ET. Analysts are looking for EPS of (7c) on revenue of $3.27B. The consensus range is (20c)-12c for EPS, and revenue of $3.16B-$3.38B, according to First Call. After reporting lower than expected Q2 results, J.C. Penney said it no longer expected to meet its previous FY12 non-GAAP EPS view of $2.16. The retailer said it expected to end FY12 with in excess of $1B of cash on the balance sheet. During the quarter, Citigroup hosted a conference call with consultant Elizabeth Haynes, with her research indicating that consumers are responding to J.C. Penney's new product assortment as conversion levels have increased since July. Deutsche Bank said J.C. Penney sent a $10 off coupon in an email to customers and believes the coupon indicates the company's everyday low pricing strategy transition continues to be difficult. The firm thinks J.C. Penny could announce additional coupons and promotional events into the holiday period. Analysts and investors will listen for comments from the company on the upcoming holiday season, as well as the impact it sees from Hurricane Sandy in Q4.
News For JCP From The Last 14 Days
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April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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April 8, 2014
11:42 EDTJCPStocks with call strike movement; P JCP
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April 7, 2014
06:28 EDTJCPStocks with implied volatility below IV index mean; SWY JCP
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