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J C Penney Company Inc (NYSE:JCP) banal took a hit on Friday afterwards advertisement acquirement in the fourth division of 2017 that was beneath estimates.

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J C Penney Company Inc appear acquirement of $4.03 billion for the fourth division of the year. This is up 1.8 % from its acquirement of $3.96 billion from the aforementioned time aftermost year. However, it was still a draft to JCP banal by advancing in beneath Wall Street’s acquirement appraisal of $4.05 billion for the period.

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Despite the acquirement absence for the fourth division of 2017, J C Penney Company Inc did column solid balance per allotment of 57 cents. This beats Wall Street’s balance per allotment appraisal of 47 cents for the quarter, alike if it is bottomward from Q4 2016’s 64 cents.

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During the fourth division of the year, J C Penney Company Inc appear net assets of $254 million. This is an in access over its net assets of $192 actor that was appear in the aforementioned aeon of the year prior. JCP addendum that this is mostly due to a ancient tax account of $75 actor from contempo tax reform.

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Operating assets appear by J C Penney Company Inc in the fourth division of 2017 was $247 million. The retailer’s operating assets from the fourth division of the antecedent year was $274 million.

J C Penney Company Inc additionally provides an angle for the abounding year of 2018 in its best contempo balance report. It is assured balance per allotment for the year to ambit from 5 cents to 25 cents. Wall Street is attractive for balance per allotment of 20 cents for the year.

JCP banal was bottomward 2% as of apex Friday.

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