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Actionable news in JCP: J.C. PENNEY COMPANY Inc,

Pressprich Analyst Still Bullish on J.C. Penney

NEW YORK (TheStreet) -- Shares of J.C. Penney (JCP) are lower Friday after the retailer revised its sales expectations for the 2016 full year.

In its third-quarter earnings report, released earlier Friday, the company announced expectations for a 1% to 2% increase in sales. Previously J.C. Penney had guided for a 3% to 4% growth.

J.C. Penney reported a loss of 21 cents per share for the third quarter, in line with analysts' expectations. Revenue of...