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TJX

Consumer Sector Update for 02/22/2017: TJX

Top Consumer Shares:

WMT: +0.6%

MCD: -0.1%

DIS: -0.2%

CVS: flat

KO: -0.4%

GE: -0.1%

Consumer shares were mainly lower ahead of the opening bell on Wednesday.

In consumer stocks news, TJX Companies ( TJX ), an off-price apparel and home fashions retailer, reported fiscal Q4 earnings of $1.03 per share, up from $0.99 a year ago and exceeding the $1.00 average estimate from analysts polled by Capital IQ.

Net sales in the quarter ended Jan. 28 rose to $9.47 billion from $8.96 billion and beat the $9.44 billion consensus. Consolidated comparable stores sales were up 3% from a year ago.

Shares in the company were 1.3% higher at $77.20 in pre-market trade. The stock has traded between $71.50 and $83.64 over the past 52 weeks.

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

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