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Friday November 24th, 2017 5:07PM

JC Penney reports rising same-store sales

By The Associated Press
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PLANO, Texas (AP) — J.C. Penney is reporting its first bump in same-store sales in more than a year and losses were not as bad as expected, sending shares up 8 percent before the opening bell.

The Plano, Texas, company had a loss of $128 million for the third quarter, or 41 cents per share. Losses, adjusted for one-time gains and costs, came to 33 cents per share, which is a dime better than Wall Street had expected, according to a poll by Zacks Investment Research.

Revenue, at $2.81 billion, also topped expectations Friday.

J.C. Penney Co. expects full-year earnings of between 2 and 8 cents per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JCP at https://www.zacks.com/ap/JCP

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