Why TJX Stock Dropped Today
TJX stock beat on sales and earnings this morning. Investors sold the stock anyway after they got a look at guidance.
Overview
The TJX Companies (NYSE: TJX) stock tumbled 6% in early trading Wednesday despite beating on earnings this morning, before recovering to a 1.3% decline as of 10:15 a.m. ET.
Heading into the report, analysts expected TJX to earn $1.19 per share, and TJX beat that number, reporting $1.22. Sales roughly matched expectations at $15.2 billion for the quarter.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.