J.C. Penney beat analyst estimates for fourth-quarter revenue and same-store sales, but missed on earnings per share. The retailer reported that it's 2015 free cash flow will be flat. The stock tumbled more than 9% in after hours trading.
Gap beat on earnings per share and met expectations for revenue -- shares moved more than 2% higher on that news.
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Taking a look at the broader markets Thursday: The Nasdaq and the Russell 2000 were the only two indices ending in positive territory. This was the fifth-record close in a row for the small cap index.
Meanwhile, crude oil posted its biggest decline in three weeks and settled at the lowest level since Jan. 29.
Plus, a historic vote today and it affects something we all use daily: The Federal Communications Commission approved new rules for Internet providers. It expands the agency's oversight of high-speed broadband providers, regulating them like a public utility. So what does that mean for the future of the Internet? FBN covered all sides of this debate -- head to FOXBusiness.com/OnCall to hear what the brilliant panel had to say.
Now, here's what's coming up Friday: At 8:30 a.m. ET we'll get the second reading of fourth-quarter GDP. That's followed by January pending home sales and February consumer sentiment -- both out at 10 a.m. ET.
Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.