AP NEWS

TJX: Fiscal 3Q Earnings Snapshot

November 19, 2019 GMT

FRAMINGHAM, Mass. (AP) _ The TJX Cos. (TJX) on Tuesday reported fiscal third-quarter profit of $828.3 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 68 cents.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $10.45 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $10.33 billion.

TJX expects full-year earnings to be $2.61 to $2.63 per share.

TJX shares have climbed 33% since the beginning of the year, while the Standard & Poor’s 500 index has increased 25%. The stock has risen 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TJX at https://www.zacks.com/ap/TJX