Tuesday, May 17, 2016

TJX Companies Lifts 2017 Outlook As Q1 Results Beat View

Off-price retailer TJX Companies, Inc. on Tuesday reported an increase in profit for the first quarter from last year, reflecting double-digit growth in sales and strong customer traffic. Both revenue and earnings per share beat analysts' expectations. Looking ahead, the company forecast earnings for the second quarter below the Street estimates, but raised its financial outlook for fiscal 2017.

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