Earnings Roundup: J.C. Penney, Abercrombie & Fitch

Among the earnings stories for Friday, May 15, from AP Financial News:

PLANO, Texas (AP) — J.C. Penney Co. said Friday that its first-quarter profit tumbled 79 percent on a hefty pension expense. While the quarterly results managed to beat analysts' estimates, the department store chain said it will miss Wall Street's full-year forecast.

NEW YORK (AP) — Abercrombie & Fitch reported a deeper than expected first-quarter loss on Friday and said it is beginning a strategic review of its Ruehl business, which is aimed at an older demographic than its namesake teen apparel chain.

DETROIT (AP) — Business software and services provider Compuware Corp. said Thursday its fiscal fourth-quarter profit declined as revenue dropped sharply.