JC Penney results: loss of 77 cents per share vs. estimates of loss of 80 cents per share

Analysts expected J.C. Penney to deliver a third-quarter loss of 80 cents per share on revenue of nearly $2.81 billion, according to a consensus estimate from Thomson Reuters. The retailer is expected to post same-store sales growth of 2.8 percent, according to a Consensus Metrix estimate. J.C. Penney appointed Marvin Ellison president and CEO-designee,...