Earnings News: J.C. Penney Company, Inc. (JCP), The Home Depot, Inc. (HD), Best Buy Co., Inc. (BBY)

J.C. Penney Company, Inc. (NYSE: JCP) reported a bigger-than-expected second quarter loss of $1.17 a share on $2.66 billion in revenues, compared with estimates for a second quarter loss of $1.06 a share on $2.76 billion in revenue, according analysts polled by Reuters.However, the troubled retailer did say its store sales improved from the previous quarter, and sales trends had improved every month in the quarter, sending shares higher in pre-market trade.On Tuesday, shares of J.C. Penney Company, Inc. fell 1.44 percent to $13.03 in morning trade.The Home Depot, Inc. (NYSE: HD)said net earnings in the second quarter increased to $1.8 billion, or $1.24 a share, compared with $1.53 billion, or $1.01 a share, a year-ago. In addition, the world’s biggest home improvement retailer reported sales rose 9.5 percent to $22.5 billion, beating Wall Street estimates of $21.8 billion.Home Depot also raised its full-year guidance to $3.60 per share, up from the prior estimate of $3.52 per share.Shares of The Home Depot, Inc. edged down 0.80 percent to $74.61.Best Buy Co., Inc. (NYSE: BBY) reported the company earned 32 cents a share, excluding special items, compared with analysts’ expectations of 12 cents for the quarter. Although sales fell 0.4 percent to $9.30 billion, the company still topped average Wall Street forecasts of $9.13 billion, according to Reuters.Shares of Best Buy Co., Inc. jumped 9.89 percent to $33.77 in morning trade.After the bell on Tuesday, Analog Devices Inc. (NASDAQ: ADI) and Intuit Inc. (NASDAQ: INTU) are among notable companies reporting quarterly earnings results.The Dow Jones industrial average gained 20.10 points, or 0.13 percent, to 15,030.84. The S&P 500 was up 5.46 points, or 0.34 percent, to 1,651.67. The Nasdaq Composite added 16.62 points, or 0.47 percent, to 3,605.95.