J.C. Penney Struggles With Losses

For the quarter ending August 4, J.C. Penney posted losses worse than expected.

The department store chain reported a loss of $0.32 per share for the fiscal second quarter, compared to the Wall Street estimate of a $0.05 loss per share. For the full year, the company now expects a loss in the range of 80 cents to $1 per share, excluding some items –  a downgrade from its previous per share estimates in the range of 7 cents loss to 13 cents profit.

J.C. Penney's free cash flow was negative $235 million for the first half of the fiscal year.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.