Teva Pharm firm off the open but pulls back after failing near its 200 day sma/ema at 38.99/39.08-- session high 39.00 (TEVA) 38.54 +0.98 :
7:54AM JC Penney reports $0.02 above consensus; guides Q2 EPS above consensus; raises Y06 EPS guidance (JCP) 66.91 : Reports Q1 (Apr) earnings of $0.90 per share, $0.02 better than the Reuters Estimates consensus of $0.88; revenues rose 2.5% year/year to $4.22 bln vs the $4.24 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.60 vs. $0.58 consensus. Co issues guidance for FY07, sees EPS of $4.24-4.34, up from previous co guidance of $4.22-4.32, vs. $4.35 consensus.
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