Earnings Report

U.S. stocks indexes were higher in afternoon trading on Friday, on track to snap a three-day losing streak, as tepid inflation data brought back investors to riskier assets, despite heightened tensions between the United States and North Korea.

J.C. Penney is reporting a loss of $62 million in its fiscal second quarter.

J.C. Penney is reporting a loss of $62 million in its fiscal second quarter.

J.C. Penney reported a bigger-than-expected quarterly loss as a challenging retail environment continued to take a toll on its comparable sales, sending its shares tumbling 17 percent.

J.C. Penney reported a fifth straight quarter of weaker same-store sales.

Snap Inc's shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat's daily active user growth missed expectations for the second quarter in a row.

Will second quarter results Friday signal a turnaround for the department-store chain?

(Reuters) - Snap Inc. (NYSE:SNAP) Chief Executive Officer Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations.

(Reuters) - Snap Inc. (NYSE:SNAP) Chief Executive Officer Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations.

Macy's Inc. (M) on Thursday reported fiscal second-quarter earnings of $116 million.

Nvidia Corp reported lower-than-expected quarterly revenue in its fast-growing data center and automotive businesses, overshadowing a strong profit beat driven by sales of gaming devices such as Nintendo Co Ltd's Switch.

___ Department store chains see key sales figures fall again NEW YORK (AP) — Department store chains saw key sales figures fall again in the latest quarter as customers increasingly move online.

Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit, helped by a jump in revenue in its market services business that oversees transactions, clearing and settlement services.

Snap Inc reported a lower-than-expected number of daily active users for Snapchat, its popular messaging app, for the second quarter as the company grapples with stiff competition from Facebook Inc, sending its shares down about 6 percent in extended trading.

News Corp reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal was hurt by decling demand for print advertising.

The S&P 500 index ended Thursday with its biggest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea.

The S&P 500 index ended Thursday with its biggest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea.

Customer growth and an increase in orders led to strong second quarter revenue for meal kit seller Blue Apron, which provided its first earnings report since becoming a public company.

The financial distress continues for the United States Postal Service, which reported a net loss of $2.1 billion in the third quarter of 2017, an increase of more than $570 million over the same period last year.

Kohl's doesn't expect any major store closures in 2017.