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TJX Companies (NYSE:TJX) shares are trading higher after the company reported better-than-expected third-quarter EPS and sales results. The company also issued fiscal year 2020 EPS above analyst estimates.
TJX Companies reported third-quarterly earnings of 68 cents per share, which beat the analyst consensus estimate of 66 cents by 3.03%. This is a 7.94% increase over earnings of 63 cents per share from the same period last year.
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The company reported quarterly sales of $10.5 billion, which beat the analyst consensus estimate of $10.32 billion by 1.74%. This is a 6.86% increase over sales of $9.826 billion the same period last year.
TJX Companies sees fourth-quarter EPS at 74 cents-76 cents versus the 77-cent estimate and sees fiscal year 2020 EPS $2.61-$2.63 versus the $2.61 estimate.
TJX Companies shares traded up 1.7% to $60.58 at time of publication. The stock has a 52-week high of $61.69 and a 52-week low of $41.49.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.