Nation's largest catalog merchant JC Penney Company Inc third quarter earnings from continuing operations rose to $0.94 per share from $0.50 per share in last year's third quarter.
On a dollar basis, income from continuing operations increased 58 percent, to $234 million from $148 million last year.
Earnings per share increased primarily as a result of improved operating performance, lower interest expense and the impact of the company's ongoing common stock buyback program, which is now substantially complete.
One of America's largest department stores JC Penney Corporation Inc, the wholly owned operating subsidiary of JC Penney Company Inc is catalog and e-commerce retailers, employing approximately 150,000 associates.
As of October 29, 2005, JC Penney Corporation Inc operated 1,017 JC Penney department stores throughout the United States and Puerto Rico.
JC Penney is the nation's largest catalog merchant of general merchandise, and jcpenney.com is one of the largest apparel and home furnishings sites on the Internet.
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