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J.C. Penney (JCP) Stock Slumps After Q2 Revenue Miss

NEW YORK (TheStreet) -- Shares of J.C. Penney (JCP) were dropping in pre-market trading on Friday after the company posted a smaller loss, but slightly lower-than-anticipated revenue for the 2016 second quarter.

Before today's opening bell, the department store reported revenue of $2.92 billion, while analysts were looking for $2.93 billion.

The Plano, TX-based company had a loss of 5 cents per share, narrower than the loss of 15 cents per share projected by analysts. Last year, the company posted a loss of 41 cents per share.

"We are pleased with the...