JC Penney earnings: Loss of 75 cents per share, vs. expected EPS loss of 93 cents

Analysts had expected the company to report losses of 93 cents a share on nearly $2.79 billion in revenue, according to a consensus estimate from Thomson Reuters. Many customers felt alienated during Johnson's tenure, as the former Apple executive's implemented a swift, extensive revamp the J.C. Penney stores and sales strategies.