4Q profit doesn’t impress

JC Penney’s strong 4Q profit doesn’t impress

PLANO, Texas /March 2, 2018 (AP)(STL.News) — Surprisingly strong earnings during J.C. Penney Co. are being overshadowed by revenue and comparable-store sales that came in a little light during the critical holiday season. Shares fell about 10 percent before the opening bell Friday. The retailer posted fourth-quarter earnings of $254 million, or 81 cents per … Continue reading JC Penney’s strong 4Q profit doesn’t impress