One J C Penney Company Inc (NYSE:JCP) executive accidentally leaked some of the retailer’s sales info.
 JCPenney didn’t say who the executive was the leaked the information, but it did say that they were a senior official. This executive accidentally sent some of the company’s sales data to a securities analyst. This gave investors a preview of earnings for the first quarter, which won’t be posted until May, reports USA Today.
JCPenney didn’t say who the executive was the leaked the information, but it did say that they were a senior official. This executive accidentally sent some of the company’s sales data to a securities analyst. This gave investors a preview of earnings for the first quarter, which won’t be posted until May, reports USA Today.
In order to avoid a possible selective-disclosure violation, JCPenney released its sales data in a filing with the Securities and Exchange Commission on Tuesday. In the filing, the company said that same store sales were up 6% and that its financial guidance was at 3.1%, USA Today
notes.
Analysts are expecting JCPenney to report losses per share of 76 cents. This would be better than the $1.16 loss reported during the same time last year, reports Investor’s Business Daily.
JCP shares were down 2% as of Tuesday afternoon.
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