JC Penney Company Inc (NYSE:JCP) shares rallied Thursday after announcing in its fourth-quarter earnings statement that it will close 27 stores in 2019. The retailer will shutter 18 full-line stores including the three locations previously announced in January. In addition, it will close nine ancillary home and furniture stores. For the 13 weeks ended February 2, same-store sales dropped 4% compared with a year earlier.
Shares of the retailer rallied 28% to $1.59 in New York.
READ: J C Penney shares drop after 2Q earnings miss and lower forecast
Cars.com Inc (NYSE:CAR) declined after giving a soft projection for 2019, citing a lower dealer count to start the year. The company expects a revenue range between a 5% decline and 2% growth with adjusted earnings before interest, tax, depreciation and amortization margins of 30% to 31%.
The stock dropped 1.5% to $24.33.
Glaukos Corp (NYSE:GKOS) gained after reporting better-than-expected fourth-quarter results. For the three months ended December 31, the glaucoma-focused company posted net income of $0.04 per diluted share on net sales of $54.1 million, which was up 30% from a year earlier. The average forecast of analysts was for a loss of $0.13 per share on revenue of $49.69 million.
Crocs Inc (NASDAQ:CROX) declined after giving a first-quarter projection that trailed Wall Street estimates. The footwear company said it expected revenue between $280 million and $290 million. The average forecast of analysts was $293.25 million.
Shares dropped 8.1% to $26.21.
The Russell 2000 index of small-cap stocks slipped 0.1% to 1,579.79.
Contact Dennis Fitzgerald at dennis@proactiveinvestors.com