NEW YORK (TheStreet) -- Department store J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report reported that fourth-quarter net income grew 35.5% to $271 million, or $1.13 a share, from $200 million, or 84 cents a share, a year earlier.
Adjusted earnings per share from continuing operations were $1.23.
Net sales increased about 3% to $5.7 billion from $5.55 billion.
On average, analysts were calling for earnings of $1.08 a share on revenue of $5.7 billion.
were rising 1.6% to $37.15 in premarket trading Friday.
was awarded a $35 billion contract by the Pentagon for an aerial refueling tanker jet.
Shares of Boeing were rising 4.9% to $74.25 in premarket trading Friday.
American International Group
reported net income of $11.2 billion and earnings per share of $16.60 for the fourth quarter of 2010.
Shares of AIG were up 0.7% to $41.72 in premarket trading.
Warner Bros. Television
have decided to end production for the rest of the season on TV comedy
Two and a Half Men
because of comments star Charlie Sheen made about the show's producer.
CBS was up 0.3% to $22.10.
reported heavy demand for its
The stock was jumping 7.7% to $96.75 in premarket trading.
San Francisco-based cloud computing company
crushed the consensus view for its fourth-quarter results.
Shares of the company were higher in premarket trading, surging 9.4% to $147.
-- Written by Andrea Tse in New York.
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