JC Penney maintains fourth-quarter forecast

Wed Jan 8, 2014 8:50am EST

Jan 8 (Reuters) - Department store chain J.C. Penney Co Inc maintained its forecast for the fourth quarter after what it described as a pleasing performance over the holiday period.

However, the retailer's shares fell 7 percent to $7.64 in trading before the bell.

The company said in November it expected comparable store sales to improve in the fourth quarter compared with the a year earlier. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Savio D'Souza)