The Earnings Edge: J.C. Penney Posts Loss on Costs

The Earnings Edge: J.C. Penney Posts Loss on Costs Play

Feb. 24 (Bloomberg) -- J.C. Penney Co., the U.S. department-store chain run by Apple Inc.’s former retail chief, posted a fourth-quarter loss on charges to revamp the company. The loss totaled $87 million, or 41 cents a share, compared with net income of $271 million, or $1.13, a year earlier. Bloomberg's Sheila Dharmarajan reports on Bloomberg Television's "In The Loop."

  • On Air Now

    PAID PROGRAMMING Watch Now

  • Next

    PAID PROGRAMMING

blog comments powered by Disqus