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TJX Companies’ Fiscal Q1 2019 Earnings and Updated Guidance

TJX Companies’ Fiscal Q1 2019 Earnings and Updated Guidance

TJX Companies (TJX) surpassed analysts’ consensus sales estimate in the first quarter of fiscal 2019 but lagged on earnings expectations. Its adjusted EPS of $0.96 missed the consensus analyst expectation of $1.02. It excluded a $0.17 benefit associated with a lower US corporate tax rate.