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J.C. Penney Earnings: More of the Same

TheMotleyFool

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Last Friday, J.C. Penney (NYSE: JCP) released its highly anticipated third-quarter earnings report. Its results were very similar to what it reported three months earlier. Comparable store sales fell dramatically, but the company managed to overcome that headwind to improve its profitability significantly.

J.C. Penney stock spiked on Friday after the earnings report was released, but it subsequently surrendered its gains on Monday. For 2019 as a whole, the stock has gyrated wildly, but it currently sits just above the $1 mark, little changed from the beginning of the year.