25 minutes ago NEW YORK (Reuters) - J.C. Penney Co Inc (JCP.N) said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.The mid-tier department store operator, whose shares fell 3 percent in pre-market trading, said net income fell to $117 million, or 52 cents per share, for its fiscal second quarter, ended August 2, from $182 million, or 81 cents per share, a year earlier.
Analysts on average had forecast earnings per share of 51 cents, according to Reuters Estimates.
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