TJX Stock Gaps Lower on Lackluster Q4 Guidance
Portfolio Pulse from
TJX Companies Inc (NYSE:TJX) reported better-than-expected Q3 results and raised its full-year forecast. However, the company's lackluster Q4 guidance has negatively impacted its stock price.
November 20, 2024 | 3:15 pm
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NEGATIVE IMPACT
TJX Companies Inc reported strong Q3 results and raised its full-year forecast, but its stock price fell due to disappointing Q4 guidance.
The market reacted negatively to TJX's Q4 guidance, overshadowing the positive Q3 results and full-year forecast. This suggests investors are concerned about the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100