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time tax gain, JC Penney's would have earned $1.71 per share. Clothing pundits on Wall Street estimated that the department store chain would earn $1.63. store sales, or sales at stores opened at least a year, rose 2.6 percent, its strongest indicator of retail strength. The stronger results for JC Penney's led to a dividend increase of 44 percent, plus the board allocated an additional $750 million to its share buyback program.

Stock Investing Course (AXcess News) Washington - JC Penney's (NYSE: JCP), the nation's 3rd largest department store chain, reported strong fourth-quarter in-store and online sales with profits climbing 65 percent for the period.

Hair care, Culver Co. quarter profit rose nearly 16 percent thanks to the retail launch of its Nexxus brand and strong sales of its Tresemme hair care items.

Stock Market Game JC Penney's net incomerose to $551 million, or $2.34 a share, from $333 million, or $1.17, a year earlier. Salesincreased to $6.2 billion from $5.96 billion in the fourth-quarter.

But sales of pet supplies, cosmetics and fragrances will increase faster than other categories at growth rates of over 30 percent, the report found. Last year, online sales rose 25 percent to $176.4 billion, with 28 percent growth in online purchases excluding travel. Total Internet sales in 2004 and 2003 reached $141.4 billion and $114.1 billion, respectively, Silverman said. "I think we're still looking for the next several years (for) growth over 20 percent per year, " he said, adding that growth closer to 30 percent was probably not sustainable.

Stock Investing Game Improved results for the fourth-quarter were credited to JC Penney's Chief Myron Ullman's move to expand private brands. In the past yearJC Penney'shas added women's clothing by designer Nicole Miller and a men's line by designer Nick Graham.

retail outlets, reported that combined sales on Friday and Saturday rose 7.2% y basis, while total sales on Black Friday rose by 8.3% y.

Journal Prime Rate Street Wall JC Penney's shares were trading up $1.15, or more than 2 percent, at $57.78 at 11:23am EST Thursday after earlier reaching a hi in the market of $58.82, the highest JC Penney's shares have been in seven years.

reported this morning that Nintendos sales for last quarter plunged compared to past years. Nintendo said it has suffered a 75.8 percent decline in sales profit this quarter. The company cited an increase in development cost over the last year for the decrease in profits. This quarter, the companys overall operating profits fell from 17.47 billion yen to 3.75 billion yen. Its net profit also plummeted from 22.64 billion yen to 14.12 billion yen.

Stock Market News Excluding gains from tax adjustments related to the sale of the Eckerd drugstore chain and another one-time tax gain, JC Penney's would have earned $1.71 per share.

Stock Investing Basics Clothing pundits on Wall Street estimated that the department store chain would earn $1.63.

Stock Investing Software Same-store sales, or sales at stores opened at least a year, rose 2.6 percent, its strongest indicator of retail strength.

Stock Market Trading The stronger results for JC Penney's led to a dividend increase of 44 percent, plus the board allocated an additional $750 million to its share buyback program.

Stock Investing For Dummy JC Penney's forecast earnings for the year in 2006 to be between $4.14 and $4.24. Ullman said the first-quarter should yield earnings of 80 cents per share.

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