TJX Companies Beats Expectations in Quarterly Profit, Revenue

TJX Companies (TJX) - Get Report , 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.

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