J.C. Penney’s surprise profit beat may not be a profit or a beat By: MarketWatch May 12, 2017 at 13:57 PM EDT J.C. Penney may have tried, but it couldn’t dress up a bad quarterly report that sent the stock plunging toward record lows. Read More >> Related Stocks: S&P Retail SPDR Senvest Capital Inc Standard & Poors 500