J.C. Penney Profit Tops View; Sees Q1 Loss

February 19, 2009

Department store operator J.C. Penney Co. Inc. posted a 51% drop in fourth quarter profit on Friday, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending.

*For more on this story,

read the full Reuters article.

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J.C. Penney Profit Tops View; Sees Q1 Loss

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