J.C. Penney on Thursday vowed that 2012 earnings will meet or exceed those of 2010, reiterating that it will be able to fund its ambitious transformation plan with cash flow from operations. Those assurances sent the stock up 15% in early trading.
WSJ.com: What's News US, Wall Street Journal
Thu, 01/26/2012 - 11:03am
J.C. Penney on Thursday vowed that 2012 earnings will meet or exceed those of 2010, reiterating that it will be able to fund its ambitious transformation plan with cash flow from operations. Those assurances sent the stock up 15% in early trading.