Small loss buoys J.C. Penney's outlook
Shares fall 6% as improved forecast still leaves Wall Street disappointed
Posted: August 15, 2009 at 3:15 a.m.
J.C. Penney Co. posted a small loss in the second quarter, just topping Wall Street expectations as the department-store chain benefits from inventory controls and other cost-cutting moves.
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Business, Pages 27, 32 on 08/15/2009
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