<p><div class="image-container float_right" style="width:400px"><div class="image"><img src="http://static1.businessinsider.com/image/512e81fd69bedd717c00000c-836-627/ron-johnson-face.jpg?maxX=400" border="0" alt="ron johnson face" width="400" /></div><p class="source">Astrid Stawiarz/Getty Images</p></div><keyword id="1402916" type="COMPANY" weightage="60" keywordseo="JCPenney">JCPenney</keyword>'s Q4 <keyword id="6357061" type="UNKNOWN" weightage="60" keywordseo="earnings">earnings</keyword> announcement is out, and the numbers are catastrophic.</p>
<p>The company announced an adjusted loss per share of $1.95, far below expectations of a loss of $0.24 per share.</p>
<p>Revenues came in at $3.88 billion. Analysts were looking for $4.08 billion.</p>
<p>Q4 same-store sales were down 32 percent.</p>
<p>JCPenney will be hosting its conference call with analysts at 5:00 PM EST.</p>
<p>Updates below:</p>

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RON JOHNSON: 'I Take Personal Responsibility' For All The Mistakes At JCPenney

Astrid Stawiarz/Getty ImagesJCPenney's Q4 earnings announcement is out, and the numbers are catastrophic. The company announced an adjusted loss per share of $1.95, far below expectations of a loss of $0.24 per share. Revenues came in at $3.88 billion. Analysts were looking for $4.08 billion. Q4 same-store sales were down 32 percent. JCPenney will be hosting its conference call with analysts at 5:00 PM EST. Updates below:

Astrid Stawiarz/Getty ImagesJCPenney's Q4 earnings announcement is out, and the numbers are catastrophic. The company announced an adjusted loss per share of $1.

RON JOHNSON: 'I Take Personal Responsibility' For All The Mistakes At JCPenney

Kim Bhasin

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