(Retail earnings roundup is updated with TJX earnings and stock movement.)
NEW YORK (
) -- Retailers are in the spotlight Tuesday as discount giant
reports its third-quarter earnings results.
Wal-Mart posted a 9.3% jump in profit, and upped its fourth-quarter outlook, but said it U.S. same-store sales declined for the sixth consecutive quarter.
During the quarter, the No. 1 retailer earned $3.44 billion, or 95 cents a share, compared with $3.14 billion, or 81 cents, in the year-ago period.
Wal-Mart total sales grew 2.5% to $101.2 billion, just shy of estimates of $102.25 billion. Wal-Mart U.S. comparable sales slipped 1.3%
Looking ahead, Wal-Mart now expects fourth-quarter earnings in the range of $4.08 to $4.12 a share, from prior outlook of $3.95 to $4.05 a share.
Shares of Wal-Mart are advancing 2% to $55.02 in early trading.
reported a 21% surge in third-quarter profit, but sales missed expectations.
During the quarter the home improvement retailer earned $834 million, or 51 cents a share, compared with $689 million, or 41 cents, in the year prior. Analysts were calling for a profit of 48 cents a share.
Sales at Home Depot rose 1.4% to about $16.6 billion, just shy of the $16.63 billion Wall Street predicted.
Regardless, investors are ignoring the disappointing sales results, sending shares up 3.1% to $32.36 in morning trading.
posted a better-than-expected 17% uptick in third-quarter earnings, but sales fell short.
reported third-quarter profit that beat Wall Street's outlook, but forecast a disappointing holiday season.
The company now expects fourth-quarter same-store sales decline between 1% and 3%.
During the quarter TJX earned $372.3 million, or 92 cents a share, up from $347.8 million, or 81 cents, in the year-ago period. Analysts were calling for a profit of 91 cents a share.
Sales rose 5.4% to $5.53 billion, while comparable sales inched up 1%.**
Abercrombie & Fitch
easily topped third-quarter estimates, earning $50 million, or 56 cents a share, compared with $38.8 million, or 44 cents, in the year-ago period. Analysts were calling for a profit of 51 cents a share.
The teen retailer previously reported an 18% jump in total sales to $886 million, while same-store sales slipped 1.3%.
As expected, Abercrombie & Fitch did not issue fourth-quarter guidance.
Shares of Abercrombie are gaining 2.7% to $46.54 early in the day.
saw its third-quarter profit soar to $36.3 million, or 24 cents a share, from $6.3 million, or 4 cents, in the same period last year.
Excluding a gain of 14 cents a share related to the reversal of certain estimated income tax reserves, the high-end department store would have earned 6 cents a share, better than the 3 cents analysts forecast.
Saks sales grew 4.3% to $658.8 million from $631.4 million. Wall Street predicted sales of $656 million.
On Monday, rival
also reported a 43% spike in third-quarter profit, a sign that the luxury shopper is back to spending.
Saks is up more than 4% to $11.78.
Dick's Sporting Goods
reported a 10.6% drop in its third-quarter profit, but upped its full-year outlook, sending shares higher in morning trading.
During the quarter, Dick's earned $16.9 million, or 14 cents a share, compared with $18.9 million, or 16 cents, last year. This was one penny short of estimates.
Sales rose to $1.08 billion from $990 million, better than Wall Street's prediction of $1.04 billion.
Looking ahead, the sporting goods retailer now expects full-year earnings in the range of $1.56 to $1.58 a share, from a prior range of $1.46 to $1.49 a share.
Dick's is spiking 9.6% to $32.79.
--Written by Jeanine Poggi in New York.
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