Replies to post #112689 on Coffee Sipping Big Board Stocks

[EZ2]

J.C. Penney shares tumble after weak sales fall short of estimates

MARKETWATCH 7:43 AM ET 5/13/2016
Symbol Last Price Change
JCP 7.8down 0 (0%)
QUOTES AS OF 04:02:11 PM ET 05/12/2016

J.C. Penney Co. Inc. (JCP) shares (JCP) slid 12% in premarket trade Friday, after the company missed quarterly sales estimates as same-store sales fell way below expectations. The retailer said it had a net loss of $68 million, or 22 cents a share, in the first quarter, narrower than the loss of $150 million, or 49 cents a share, posted in the year- earlier period. Sales edged down to $2.81 billion from $2.86 billion. The FactSet consensus was for a loss per share of 38 cents and sales of $2.92 billion. Same-store sales fell 0.4%, well below the FactSet consensus for a gain of 3.2%. " While our first quarter sales were below our expectations, we are maintaining our annual comp guidance of 3% to 4% as a result of the positive nature of our recent sales trends, the strength of our Sephora business and our decision to accelerate our appliance rollout," Chief Executive Marvin Ellison said in a statement. But the company lowered its full- year margin outlook due to the rollout of appliances and rapid growth of its online business. Shares are up 17% in the year so far, while the S&P 500 has gained about 1%.

-Ciara Linnane; 415-439-6400; [e-mail]


(END) Dow Jones Newswires
05-13-160743ET
Copyright (c) 2016 Dow Jones & Company, Inc.

[EZ2]

BRIEF-E Trade customers were net sellers of about $0.2 bln in securities during April

REUTERS 8:16 AM ET 5/13/2016

Symbol Last Price Change
ETFC 25.31down 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/12/2016

May 13 (Reuters) - E*Trade Financial Corp(ETFC)

* Customers were net sellers of approximately $0.2 billion in securities during month

* Daily average revenue trades for April were 159,215, a one percent increase from march and a one percent increase from year-ago

* Net new brokerage assets were negative $0.4 billion in April

* Added 34,724 gross new brokerage accounts in April, ended month with about 3.3 million brokerage accounts, an increase of 10,866 from march

* April bank-related cash and deposits decreased $0.1 billion, ending month at $5.3 billion

* E*Trade financial(ETFC) corporation reports monthly activity for April 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: [phone])

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