outlook spooks

PLANO, Texas  | JC Penney outlook spooks Wall Street

PLANO, Texas  —J.C. Penney cut its outlook for the year as it trims costs to help offset declining revenue. The company’s first-quarter loss is along the lines of what analysts had expected, and revenue topped expectations. But its outlook for the year is short of most projections. Shares slid 11 percent early Thursday. The quarterly … Continue reading PLANO, Texas  | JC Penney outlook spooks Wall Street