FRAMINGHAM — Shares of TJX Companies Inc. advanced more than 5% on Wednesday after the off-price retailer reported better-than-expected second-quarter earnings. Quarterly sales totaled $12.08 billion, up a whopping 81% from the $6.67 billion tallied during the comparable a year-ago period. Excluding a one-time charge of 15 cents per share for debt extinguishment, second-quarter earnings were 79 cents per share. Analysts are expecting the business to post third-quarter earnings of 75 cents per share on sales of $11.79 billion. Shares of TJX closed Wednesday at $73, up $3.85 (5.6%), in New York Stock Exchange trading.

Source: MetroXpress August 18, 2021 22:30 UTC