Shares of J.C. Penney Company, Inc (NYSE:JCP) jumped higher after the company reported better-than-expected results on Thursday. Net sales of $2.80 billion were reported for the quarter, up six percent compared to $2.64 billion in Q1 of 2014. JC Penney also saw an increase of 6.2 percent in same-stores sales. Revenue in the quarter exceeded analysts’ estimates of $2.71 billion. J.C. Penney Company, Inc. (NYSE:JCP) net profit margin is -11.70% and weekly performance is 10.57%. On last trading day company shares ended up $9.73. Analysts mean target price for the company is $7.75. J.C. Penney Company, Inc. (NYSE:JCP) distance from 50-day simple moving average (SMA50) is 14.48%.
World Wrestling Entertainment, Inc (NYSE:WWE) announced that it has reached a multi-year agreement in principle with NBCU for the renewed U.S. licensing of WWE’s flagship programs and ratings juggernauts Raw and SmackDown. Given the anticipated increase in television rights, and with successful WWE Network subscriber growth, WWE management continues to believe that the Company can achieve significant earnings growth, potentially doubling or tripling 2012 OIBDA1results to a range of $125 million to $190 million by 2015. World Wrestling Entertainment, Inc. (NYSE:WWE) shares fell -43.45% in last trading session and ended the day on $11.27. Gross Margin is 34.70% and its return on assets is -1.40%. World Wrestling Entertainment, Inc. (NYSE:WWE) quarterly performance is -51.86%.
Verizon Communications Inc. (NYSE:VZ) just coughed up $130 billion to buy the 45% stake in Verizon Wireless held by Vodafone PLC (VOD), so the company is unlikely to pile on even more debt while its free cash flow really begins to climb. Verizon Communications Inc. (NYSE:VZ) shares moved up 2.31% in last trading session and was closed at $49.07, while trading in range of $48.54 – $49.30. Verizon Communications Inc. (NYSE:VZ) year to date (YTD) performance is 2.06%.
shares of Vodafone Group PLC (ADR) (NASDAQ:VOD) gave up after Goldman Sachs removed the telecom firm from its pan-Europe buy list and cut the rating to neutral from buy. The analysts explained that recent press reports suggest that possible suitors for Vodafone are looking at other takeover opportunities, which lowers the M&A potential. The Wall Street Journal reported earlier in the week that AT&T T +0.60% is close to sealing a takeover of DirecTVDTV +1.25% .Vodafone Group Plc (ADR) (NASDAQ:VOD) ended the last trading day at $36.44. Company weekly volatility is calculated as 1.01% and price to cash ratio as 5.79. Vodafone Group Plc (ADR) (NASDAQ:VOD) showed a negative weekly performance of -4.11%.