TJX Beats Forecast, But Holiday Outlook Cautious
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
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