TJX tops Street 3Q forecasts

AP News
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Posted: Nov 17, 2015 9:15 AM

FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Tuesday reported fiscal third-quarter earnings of $587.3 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had net income of 86 cents.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $7.75 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $7.68 billion.

TJX expects full-year earnings to be $3.26 to $3.28 per share.

TJX shares have decreased slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed slightly more than 5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TJX at http://www.zacks.com/ap/TJX

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Keywords: TJX, Earnings Report