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 PLANO, Texas (AP) - J.C. Penney Co. officials reaffirmed their outlook for 2005 earnings and said they plan to become among the most profitable retailers within four years.
Chief financial Officer Bob Cavanaugh told analysts Wednesday that company officials believe Penney will earn 48 to 51 cents per share for the February-April quarter and $2.89 to $3.01 per share for the year.
Last year, the company earned 38 cents per share in the first quarter and $2.23 per share for the full year.
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