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TJX meets 3Q profit expectations, misses revenue forecasts

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FRAMINGHAM, Massachusetts — The TJX Cos. (TJX) on Tuesday reported net income of $595 million in its fiscal third quarter.

The Framingham, Massachusetts-based company said it had profit of 85 cents per share.

The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 85 cents per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $7.37 billion in the period, falling short of Street forecasts. Analysts expected $7.45 billion, according to Zacks.

TJX expects full-year earnings in the range of $3.09 to $3.13 per share.

TJX shares have dropped slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 10 percent. The stock has fallen 3 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. TJX stock research report from Zacks.

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Keywords:TJX,Earnings Report

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