Tuesday, November 14, 2017

TJX Companies Q3 Profit Meets View, But Revenues Miss; Shares Fall

Off-price retailer TJX Companies, Inc. on Tuesday reported a 17 percent increase in profit for the third quarter from last year, reflecting higher sales and customer traffic. Earnings per share matched analysts' expectations, but revenues missed their estimates and comparable sales were flat. Looking ahead, the company forecast fourth-quarter earnings below the Street estimates.

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