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