Investing.com - TJX (NYSE:TJX) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TJX announced earnings per share of $-0.74 on revenue of $4.41B. Analysts polled by Investing.com anticipated EPS of $-0.02 on revenue of $5.82B. That with comparison to EPS of $0.57 on revenue of $9.28B in the same period a year before.TJX had reported EPS of $0.81 on revenue of $12.21B in the previous quarter.Analysts are expecting EPS of $0.18 and revenue of $7.03B in the upcoming quarter.
TJX shares are down 16% from the beginning of the year and are trading at $49.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 8.42% year to date.
TJX shares lost 3.64% in pre-market trade the report.
TJX follows other major Services sector earnings this month
TJX's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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