TJX Companies (TJX) , the off-price retailer who operates the T.J. Maxx, Marshalls, and HomeGoods chains, beat analysts quarterly estimates on the top and bottom line. The company reported earnings of $1.03 a share, up 4% from the prior year, and beat estimates by 2 cents. The retailer saw revenue jump 6% year over year, to $9.5 billion during the quarter, slightly above estimates. This was mostly due to strong traffic, the company said. Comparable-store sales rose 3%. Shares of TJX searched for direction, but turned higher following the earnings beat as the company lowered its fiscal-year adjusted earning-per-share guidance.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
