Reported about 2 months ago
TJX Cos, the parent company of TJ Maxx, has raised its annual profit forecast after reporting better-than-expected quarterly results. The company saw a 5% increase in shares as strong demand for affordable merchandise contributed to a quarterly profit of 96 cents per share, surpassing analysts' estimates. Boosted by easing freight costs and appealing new product assortments, TJX expects its annual earnings per share to be between $4.09 and $4.13, up from a previous forecast.
Source: YAHOO