Reuters: J.C. Penney profit tops view; forecasts Q1 loss

[chris]

J.C. Penney profit tops view; forecasts Q1 loss
      
   
      

NEW YORK (Reuters) - Department store operator J.C. Penney Co Inc  posted a better-than-expected quarterly profit on Friday, helped by steps to cut inventory and expenses during the weakest holiday shopping season in decades.<div class="feedflare">
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