Tuesday, May 16, 2017

TJX Companies Q1 Profit Beats View, But Sales Miss; Q2 Outlook Disappoints

Off-price retailer TJX Companies, Inc. on Tuesday reported a 5 percent increase in profit for the first quarter from last year, reflecting higher sales and customer traffic. Earnings per share for the quarter beat analysts' expectations, but revenues missed their estimates. Looking ahead, the company forecast earnings for the second quarter also below the Street estimates.

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