NEW YORK (TheStreet) -- Shares of The TJX Companies (TJX) were falling 2.8% to $59.84 Tuesday after the department store operator reported its third quarter results and lowered its full-year EPS guidance.
TJX reported earnings of 85 cents a share, in line with the 85 cents a share analysts surveyed by Zacks Investment Research expected. Revenue grew 6% year over year to $7.4 billion for the third quarter, in line with analysts' estimates.
The company lowered its full-year EPS estimates to between $3.09 and $3.13 a share from its previous estimates of $3.10 to $3.18 a share. Analysts expect earnings of $3.17 a share for the year.
TheStreet Ratings team rates TJX COMPANIES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."