Things are going from bad to worse for J.C. Penney Company Inc. (NYSE: JCP) after its latest earnings report. The stock was down 25.1% as of 3:23 p.m. EDT Thursday. The struggling retailer posted another round of disappointing results for the second quarter with a wider loss than expected. The company also cut its guidance for the year, which is a sign that the hoped-for turnaround is failing to gain traction.Image source: J.C.