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

How Will J.C. Penney (JCP) Stock React to Friday’s Q1 Earnings?

NEW YORK (TheStreet) -- J.C. Penney (JCP - Get Report) stock is declining 2.04% to $7.93 on heavy trading volume on Wednesday afternoon ahead of the retailer's fiscal 2016 first quarter financial report, due out on Friday before the opening bell.

Shares of J.C. Penney are decreasing along with the retail sector because of Macy's (M) weak quarterly report, which showed a 7.4% year-over-year drop in revenue and a 5.6% decline in same store sales for the three months ended April 30.

Analysts are expecting J.C. Penney's quarterly revenue to fare better with estimates averaging $2.92 billion for the latest quarter, representing a 2.10% increase from $2.86...