TJX Companies shares slip on weak holiday quarter profit guidance
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TJX Companies Inc shares declined due to weak profit guidance for the holiday quarter, despite a strong Q3 performance. The company expects Q4 EPS between $1.12 and $1.14, below Wall Street's $1.17 expectation.
November 20, 2024 | 3:30 pm
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TJX Companies shares fell due to lower-than-expected Q4 profit guidance, overshadowing strong Q3 results. The company forecasts Q4 EPS of $1.12-$1.14, missing the $1.17 expected by analysts.
The market reacted negatively to TJX's Q4 EPS guidance, which was below analyst expectations. This overshadowed the company's strong Q3 performance, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100