By  on November 15, 2019

J.C. Penney Co. Inc. may still be operating at a loss, but the retailer’s stock received a much-needed boost after it beat Wall Street estimates on some measures.

In a rare piece of good news, the embattled Plano, Tex.-based chain revealed that its net loss narrowed to $93 million, or 29 cents a share, for the quarter ended Nov. 2. This marked an improvement from a net loss of $151 million, or 48 cents a share, during the same period a year earlier.

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