J C Penney released its latest earnings report before opening bell this morning, posting results that beat estimates and sending shares upward. The stock climbed as much as 5.45% to $8.51 per share in afternoon trading today. J C Penney beats competitors J C Penney management have been attempting to reverse the tumbling sales and execute a turnaround. This morning's earnings report is a sign of solid progress, as the department store chain posted results that were actually better than those of Macy's and other competitors, reports USA Today. J C Penney posted net revenue of $2.88 billion, an increase from last year's $2.8 billion in net sales. The retail chain beat the consensus estimate of $2.86 billion in sales. The company... More