TJX Beats Forecast, But Holiday Outlook Cautious
Posted on November 13, 2012 at 14:01 PM EST
TJX Cos. (TJX) offered weak holiday season guidance Tuesday despite reporting third-quarter earnings above Wall Street analyst estimates. The operator of T.J. Maxx, Home Goods and Marshalls stores said Q3 earnings rose 17% to 62 cents per share, beating views by a penny. Sales rose 11% to $6.41 billion, above estimates of $6.39 billion. Same-store sales, or sales in stores open at least a year, rose 7%. Its shares rose 3% in midday trading