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Obbligazioni societarieHIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
J.C. Penney cuts outlook, shares down 21%
Oct. 27, 2017 7:40 AM ET|About: J.C. Penney Company Inc. (JCP)|By: Stephen Alpher, SA News Editor
The company expects FQ3 (ending tomorrow) adjusted EPS to be negative $0.40-$0.45, more than double estimates. Full-year adjusted EPS is now guided to $0.02-$0.08 vs. previous $0.40-$0.65, and consensus $0.43.
At issue was a decision to clear slow-moving inventory mostly in women's apparel.
Comp sales are seen as up 0.6%-0.8% vs. 0.4% estimates.
Earnings results are set for Nov. 10.
Source: Press release JCP -21% premarket