Seeking Alpha

J.C. Penney (JCP -1.9%) is trading lower after posting in-line FQ3 results, and guiding for FQ4...

J.C. Penney (JCP -1.9%) is trading lower after posting in-line FQ3 results, and guiding for FQ4 EPS of $1.05-$1.15 ($1.14 consensus). JPMorgan (Overweight) believes the company is being conservative with guidance in order to "re-establish investor credibility," and thinks a combination of low expectations and new management bodes well for shares.
Comments (1)
  • More crony capitalism courtesy of the oracle...
    14 Nov 2011, 10:24 AM Reply Like
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