JCPenney surges 23% after its 3rd-quarter earnings report wasn't as bad as analysts thought it'd be

JCPenney reported fiscal third-quarter 2019 earnings on Friday that weren't as bad as Wall Street expected. 
Shares of the retailer rose as much as 23% on the news in premarket trading Friday. 
JCPenney is trying to turn itself around after struggling amid a tough retail landscape. 
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JCPenney is climbing after its fiscal third-quarter 2019 earnings report Friday showed signs of life in the struggling retailer. 
Shares surged as muc