J.C. Penney Co. Inc. JCP, +21.19% said its fourth-quarter comparable sales are likely to come in at the top end of its forecast range of a 2% to 4% increase. J.C.Penney also said its same-store sales rose 3.7% during November and December from a year earlier.
Post earnings moves:
Micron Technology Inc. MU, -3.26% reported first-quarter adjusted earnings of 97 cents a share on Tuesday, ahead of the 92 cents forecast by analysts. However, revenue came in slightly below Wall Street’s expectations.
TT Notes: Makes an avg post earnings move of 4.7%. Smallest move was 1.6, largest was 9.5
Monsanto MON, +1.12% reported better-than-expected earnings for its first fiscal quarter, reporting adjusted per-share earnings of 47 cents, ahead of FactSet estimates of 34 cents a share. But it warned that fewer acres of corn globally would weigh on its current quarter.