TJX Earnings Come In-Line Despite Sales Dampened by Warm Weather

Shares of TJX Companies were falling in Tuesday trading after the retailer reported third-quarter profit that declined nearly 4.5% year-over-year. Diluted earnings per share fell by a penny to $0.85 a share, in-line with analyst estimates, according to Thomson Reuters. TJX CEO Carol Meyrowitz said that customer traffic continued to gain momentum in the third quarter despite unusually warm weather, which she believes dampened sales in some geographic regions. Overall, despite soft spots, Goldman Sachs equity research analyst Stephen Grambling said the parent of TJMaxx and Marshall's was still able to deliver third-quarter earnings per share and fourth quarter guidance largely in-line with his expectations.