TJX Stock Is the Top Performer in the S&P 500. Earnings Breezed Past Expectations.

Published 2 months ago Neutral
TJX Stock Is the Top Performer in the S&P 500. Earnings Breezed Past Expectations.
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TJX Cos. was the top stock in the S&P 500 Wednesday after the retailer posted better-than-expected quarterly earnings and lifted its outlook for the rest of the year. The company, which operates stores like T.J. Maxx and HomeGoods, reported adjusted earnings of $1.10 for the second quarter, surpassing analysts’ consensus estimate of $1.01, per FactSet. Consolidated same-store sales increased 4% from the prior year, above the company’s guidance.

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