JC Penney reports 2Q loss

FILE - In this Wednesday, June 7, 2017, file photo, shoppers walk into a J.C. Penney department store in Hialeah, Fla. On Friday, Aug. 11, 2017, J.C.

In this Friday, March 17, 2017, photo, shoppers head to a J.C. Penney store in the Georgia Square Mall in Athens, Ga. On Friday, Aug. 11, 2017, J.C.

PLANO, Texas (AP) — J.C. Penney is reporting a loss of $62 million in its fiscal second quarter.

The Plano, Texas, company had a loss of 20 cents per share.

Losses, adjusted for one-time gains and costs, came to 9 cents per share, which is 3 cents short of Wall Street expectations, according to a survey by Zacks Investment Research.

The department store posted revenue of $2.96 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $2.87 billion.

J.C. Penney Co. expects full-year earnings in the range of 40 to 65 cents per share.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JCP at https://www.zacks.com/ap/JCP


Keywords: J.C. Penney, Earnings Report, Priority Earnings