13.05.2016 - J.C.Penney’s loss was 68 million dollars
J.C.Penney reported results for the last quarter. Net loss of retailer has made 68 million dollars, compared with a loss of 150 million in the same period last year. Sales also fell by 2.81 billion dollars against 2.86 billion dollars in the first quarter of last year. The median forecast of revenue was at the level of 2.92 billion dollars. The company forecast a sales increase by 3-4% this year, but despite this, shares may decrease by 15-20% in the medium term.