J.C. Penney Company Soars on Strong First Quarter Results and Vodafone Group Reports Higher Full Year Profit
J. C. Penney Company, Inc. (NYSE: JCP) announced first quarter results. The company reported that sales grew 6.3% to $2.8 billion for the quarter ended May 3, up from $2.6 billion last year. The company posted $352 million in net loss. This beat analyst estimates. Penney lost $1.15 per share, also better than the $1.26 analysts expected. Sales at stores open at least a year grew 6.2%, a significant leap from last year's same-store sales loss of 16.6% in the first quarter of 2013. "It is clear that our efforts to re-merchandise many areas of the store and revamp our messaging to the customer are taking hold," CEO Mike Ullman said in a company statement. "We expect to carry this momentum into the second quarter as we continue to position the company for long-term profitable growth."
J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating.
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Vodafone Group Public Limited Company (NASDAQ: VOD) reported that full-year earnings increased 2.8 percent as data usage offset a fall in domestic voice revenue. The company's earnings per share excluding one-time items was 8.96 rand in the year through March, up from 8.72 rand a year earlier. This figure compares with a 9.56 rand median estimate by analysts surveyed by Bloomberg. Sales rose 8.3 percent to 75.7 billion rand. Chief Executive Officer Shameel Joosub said in a statement, “International operations performed well and South Africa returned to growth as mobile data demand ‘‘continues to be a key growth driver."
Vodafone Group Public Limited Company provides mobile telecommunication services worldwide. It offers mobile voice, messaging, data, and fixed line services; back-up services; machine-to-machine connections; and financial services, such as money transfer, airtime top-up, and bill payment, as well as sells smartphones and tablets. The company also provides hosting and cloud services, including fully managed hosting solutions, as well as cloud computing, co-location, server and website hosting, storage, and security.
Get more information on Vodafone Group Public Limited Company and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/VOD
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