Earning Plays

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J.C. Penney's Net Income Drops 50%
You know it's a bad retail environment when a 50% decrease in net income beats analyst expectations.

But that's what happened at J.C. Penney, which halved its net income to $120 million in the first quarter, a period when sales fell 5.1% to $4.1 billion, and sales at stores open at least a year skittered 7.4%.
http://adage.com/article?article_id=127133