Follow CBSDFW.COM: Facebook | Twitter

PLANO (AP) – JCPenney Co. on Friday reported a loss of $56 million in its fiscal second quarter.

READ MORE: Sugar Bowl Matches No. 6 Baylor Against No. 8 Mississippi

On a per-share basis, the Plano-based company said it had a loss of 18 cents. Losses, adjusted for one-time gains and costs, came to 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

READ MORE: Sen. Ted Cruz Reacts To News Of Former Sen. Bob Dole's Passing

The department store operator posted revenue of $2.92 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.93 billion.

Penney shares have climbed 49 percent since the beginning of the year. The stock has climbed 19 percent in the last 12 months.

MORE NEWS: Mesquite Police Identify Officer Killed In Shooting, Vigil To Be Held Sunday

(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)