UPDATE 3-J.C. Penney sales fall short, net loss doubles; shares sink 10%
May 21, 2019 at 09:21 AM EDT
Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.