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J.C. Penney Loss Is Larger Than Estimated

AAPL  JCP  

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - August 10, 06:35AM from (www.bloomberg.com)

By Sapna Maheshwari - 2012-08-10T10:16:34Z


J.C. Penney Co. (JCP) reported a wider loss than analysts estimated as Chief Executive Officer Ron Johnson’s overhaul of the fourth-largest U.S. department-store company failed to draw customers.
The net loss of $147 million, or 67 cents a share, compares...


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