J.C. Penney Company, Inc. (JCP) Posts First-Quarter Loss

J.C. Penney Company, Inc. (NYSE:JCP) released its earnings report for the first three months of 2013 this afternoon, Thursday May 16, after the market closed. The company revealed that it had lost $1.31 per share in the first quarter on revenues totaling $2.6 billion. On today's market, shares in the discount retailer trended down, closing at $18.79.

In anticipation of the release of this report, analysts following J.C. Penney Company, Inc. (NYSE:JCP) were looking for a loss of 99 cents per share on revenue of $2.7 billion. The same period in 2012 saw...