
Burlington’s earnings beat expectations, but its guidance for the next quarter falls short of Wall Street’s consensus.
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Burlington’s earnings beat expectations, but its guidance for the next quarter falls short of Wall Street’s consensus.
Investing.com -- On Wednesday, Jefferies downgraded TJX Companies (NYSE:TJX) to Hold from Buy with a $145 price target, arguing the slowdown at its Marmaxx division looks more serious than a routine merchandising miss.

Kohl's posted a blowout earnings beat and raised its full-year outlook, yet shares are cratering while rivals Ross and TJX barely flinch. The reason buried inside the margin numbers may explain why investors are refusing to celebrate.

TJX (NYSE:TJX) shares fell around 4% in Wednesday premarket trading after the retailer issued a third-quarter earnings forecast below Wall Street expectations, overshadowing stronger-than-expected quarterly profit and an increase to its full-year guidance. For the second quarter, TJX reported earnings per share of $1.

TJX, which owns TJ Maxx, is the biggest player in the off-price space. Eighty percent of the analysts tracked by FactSet are bullish on the company.
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