Company Earnings Update 2 minutesRegister for Free AccessJC Penney (JCP) Fiscal 3Q18 Results: Company Misses Expectations and Withdraws Full Year Guidance Coresight Research November 16, 2018 Executive Summary JCPenney reported 3Q18 revenues of $2.65 billion, down 5.8% year over year and below the consensus estimate of $2.76 billion. Adjusted EPS was $0.52, up 48.6% from the year ago quarter, below the consensus estimate of $0.56 but above last year’s EPS of $0.35. The company’s comparable sales were down 5.4% for the third quarter. Management noted that given the recently announced CEO and interim CFO, the company will withdraw its previous 2018 full-year earnings guidance and update full-year comparable store sales guidance. FY18 comps are expected to be down low-single digits and the company continues to expect to achieve positive free cash flow for the year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Head-to-Head in Global Household Care: The Clorox Company vs. Reckitt BenckiserEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveNovember 2023 Leading Indicators of US Retail Sales: Projecting Low-Single-Digit Growth for the New YearConsumers Focus on Essentials: China Consumer Survey Insights