NEW YORK (TheStreet) -- J.C. Penney (JCP - Get Report) stock is soaring in post-market trading Thursday after the retailer posted earnings and revenue above analysts' estimates. After the bell, shares spiked 13.5% to $9.50.
The department store chain generated first-quarter sales of $2.8 billion, 6% higher than a year earlier. Analysts surveyed by Thomson Reuters expected sales of $2.7 billion. Same-store sales increased 6.2%, its second consecutive quarter of growth.
Losses of $1.16 a share was narrower than $1.31 a share a year earlier. Analysts had expected net losses of $1.25 a share.
Must Read: Warren Buffett's 10 Favorite Growth StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates PENNEY (J C) CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate PENNEY (J C) CO (JCP) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and poor profit margins."
- You can view the full analysis from the report here: JCP Ratings Report