J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink
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Citi Reiterates Sell on J.C. Penney (JCP) Following Announced CEO Departure
May 23, 2018 7:42 AM EDTCiti reiterated a Sell rating and $2.00 price target on J. C. Penney (NYSE: JCP) following the company's announcement that CEO Marvin Ellison would be leaving the company to become CEO of LOW.
For an analyst ratings summary and ratings history on... More
Lowe's Cos. (LOW) Misses Q1 EPS by 8c, Miss on Revenues; Offers FY18 EPS Mid-Point Outlook Below Consensus
May 23, 2018 6:04 AM EDTLowe's Cos. (NYSE: LOW) reported Q1 EPS of $1.19, $0.08 worse than the analyst estimate of $1.27. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $17.69 billion.
Fiscal Year 2018 (comparisons to fiscal year 2017; based on U.S. GAAP)
Total sales are expected to increase approximately 5 percent.Comparable sales are... More