JCP is also out with earnings and the stock is down 13.3% on 3.1m shares traded. The pre-mkt bid/ask is a penny wide. 30.5% of the float is short
J.C. Penney Co. JCP, -12.61% posted a surprise fourth-quarter loss of $59 million, or 19 cents a share, compared with a year-earlier profit of $35 million, or 11 cents a share. Excluding charges and other items, the loss was less than one cent a share in the latest period. Sales rose 2.9% to $3.89 billion, with online sales increasing nearly 13%.
Gap Inc. GPS, +2.92% said its fourth-quarter earnings rose to $319 million, or 75 cents a share, from $307 million, or 68 cents, a year earlier. The most recent quarter’s results topped the FactSet consensus estimate by 1 cent a share. Sales grew 3% to $4.71 billion.
MNST is out with earnings and the stock is up 11% on 105k shares traded, stock is currently at 138.60 with a bid ask almost a dollar wide. 1.5% of the float is short