The TJX Companies Q2 Profit Beats; Revenue Misses; Forecast Still Tepid (TJX)

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Discount apparel and home goods retailer The TJX Companies, Inc. ( TJX ) 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 ( TJX ) 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. ( TJX ) is not recommended at this time, holding a 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: TJX

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