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JCP Posts Lower Results, But With Silver Linings

  • USA Today, Friday, February 28, 2014 8:02 AM

J.C. Penney reported lower fourth-quarter revenue Wednesday, as it deals with previous CEO Ron Johnson's strategy to eliminate discount sales and roll out trendy merchandise. The company said fourth-quarter revenue eased to $3.78 billion from $3.88 billion in the quarter a year ago. But the company posted a lower-than-expected loss of 68 cents a share, vs. 85 cents forecast by Wall Street.

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