Discount apparel and home goods retailer The TJX Companies, Inc.
) on Tuesday posted mixed second quarter earnings results, as both
profit and revenue grew from last year.
The Framingham, MA-based company reported second quarter net
income of $421.09 million, or 56 cents per share, compared with
$348.34 million, or 45 cents per share, in the year-ago period.
Revenue rose 9% from last year to $5.95 billion.
On average, Wall Street analysts expected a smaller profit of 55
cents per share, albeit on higher revenue of $6 billion.
Looking ahead, TJX forecast third quarter earnings of 56 to 59
cents per share, and lifted its full-year outlook to $2.39 to $2.45
per share. Analysts are looking for a still-higher third quarter
profit of 62 cents and full-year earnings of $2.46.
TJX shares were mostly flat in premarket trading Tuesday.
The Bottom Line
Shares of TJX Companies (
) have a 1.04% dividend yield, based on last night's closing stock
price of $44.24. The stock has technical support in the $40-$41
price area. The shares are trading near all-time highs.
The TJX Companies, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com