TJX Companies Shares Gain On Solid Q2 Earnings Beat, Raised FY24 Guidance
Portfolio Pulse from Shivani Kumaresan
TJX Companies Inc reported Q2 FY24 sales growth of 8% YoY to $12.76 billion, beating the analyst consensus estimate of $12.45 billion. The company raised its FY24 adjusted EPS outlook to $3.56 - $3.62, against the consensus of $3.59. TJX shares are trading higher by 2.50% at $87.91 in premarket on the last check Wednesday.
August 16, 2023 | 1:02 pm
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TJX Companies reported strong Q2 FY24 results, beating sales estimates and raising its FY24 EPS outlook. This positive news has led to a 2.50% increase in premarket trading.
TJX Companies reported better than expected Q2 FY24 sales and raised its FY24 EPS outlook, indicating strong performance and positive future expectations. This has led to increased investor confidence, reflected in the 2.50% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100