India, Nov. 15 -- J. C. Penney Co., Inc. (JCP) reported Friday a third-quarter net loss of $93 million, or $0.29 per share, narrower than a net loss of $151 million, or $0.48 per share in the prior-year quarter.
Excluding items, adjusted net loss for the quarter was $97 million, or $0.30 per share, compared to an adjusted net loss of $164 million, or $0.52 per share in the year-ago quarter.
Total net sales for the quarter decreased 10.1 percent to $2.38 billion from last year's $2.65 billion. Comparable sales decreased 9.3 percent and adjusted comparable store sales, which exclude the impact of the company's exit from major appliance and in-store furniture categories, decreased 6.6 percent for the quarter.
On average, analysts polled by ...