TJX Analysts Increase Their Forecasts After Upbeat Earnings

TJX Companies, Inc. (NYSE:TJX) reported better-than-expected earnings for its third quarter on Wednesday.

The company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion.

TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company's plan, driven entirely by higher customer transactions.

"I want to specifically highlight our European team for their strong results, which drove the 7% comp increase at our TJX International division," said Ernie Herrman, Chief Executive Officer and President of The TJX Companies.

TJX Companies expects fourth-quarter GAAP EPS to be between $1.12 and $1.14, below ...

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