J. C. Penney Shares Surge 25%; Jewelry Delivers Double-digit Comps In Q4

J. C. Penney Company, Inc. (JCP) reported fourth-quarter adjusted net income of $57 million, or $0.18 per share, compared to adjusted net income of $160 million, or $0.51 per share, last year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

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