WASHINGTON (dpa-AFX) - J.C. Penney Co. Inc. (JCP), Wednesday reported fourth-quarter net loss of $552 million or $2.51 per share, compared with net loss of $87 million or $0.41 per share last year.
Excluding items, loss for the quarter was $427 million or $1.95 per share, compared with earnings of $45 million or $0.21 per share a year ago.
On average, 10 analysts polled by Thomson Reuters expected a loss of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter slid to $3.884 billion from $5.425 billion in the prior year. Analysts on consensus expected revenues of $4.08 billion.
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