J.C. Penney stock tanks over disappointing results, guidance cut

J.C. Penney Company Inc. (JCP) missed market estimates on sales and adjusted EPS numbers for the second quarter of 2018. The disappointing results sent the stock tumbling around 25%. The retailer reported a 7.5% decrease in total net sales to $2.76 billion for the second quarter of 2018 compared to the same period last year. … Continue reading J.C. Penney stock tanks over disappointing results, guidance cut