Shares of JCPenney sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and posted. per share, much bigger than its previously estimated loss of between 7 cents and 13 cents.. “We don't see an immediate catalyst for investors to get more bullish until the.

J.C. Penney starts out a pivotal year under new management with a bigger sales decline and wider loss than analysts expected.

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It gained 6% on Aug. 10, the day J.C. Penney reported a bigger-than-expected loss and withdrew its earnings guidance for. to decline this quarter for the first time since 2009 (see “Election or Not.

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The report of worse-than-expected sales results and the company. As CNBC reported, the J.C. Penney chief said at a Wednesday investor breakfast that he did not see “conditions for the rest of the.

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Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses.

Update: J.C. Penney CEO salvages earnings disaster. The mid-price department store chain reported a bigger-than-expected loss and plummeting sales during the second quarter, as its customers.

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All things considered, I personally don’t see the company making a meaningful. the stock wasn’t out of the woods yet. I was right. J.C. Penney’s second quarter included larger losses than expected;.

J.C. Penney Co. (JCP – Get Report) was down more than 25% on Thursday, Aug. 16, after the retailer reported a net loss of $101 million, or 32 cents a share, wider than the year-earlier loss of $48.

NEW YORK – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its.

REUTERS – J.C. Penney Co Inc’s stock hit a life-low as sweeping store closures and a challenging retail environment drove the embattled department store chain to report a bigger-than-expected.

Shares of J.C. Penney fell 28.5% in the month of August, according to data provided by S&P Global Market Intelligence, after the department store chain announced a bigger-than-expected loss for.