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J.C. Penney sees year profit largely below Wall Street, shares dive

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(Reuters) - J.C. Penney Co Inc forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.


from Reuters: Business News http://ift.tt/2FMsojB
J.C. Penney sees year profit largely below Wall Street, shares dive J.C. Penney sees year profit largely below Wall Street, shares dive Reviewed by Tha Kur on March 02, 2018 Rating: 5

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