TJX Companies (TJX) Falls 3.4% After Beating Estimates

Shares of TJX Companies, Inc. TJX closed Tuesday trading down 3.47% at $43.68 per share. Volume of 15.1 million shares was more than triple the daily average volume of 4.8 million shares. Shares of TJX Companies, Inc. traded between $43.21 and $44.60 per share during the trading day. The retailer on Tuesday before the market opened released financial results that beat Wall Street expectations. The company reported 1st quarter net income climbed 58% to $331.4 million, or 80 cents per share, on revenue of $5 billion. A poll of analysts conducted by Thomson Reuters, showed an average Wall Street estimate of expected earnings of 78 cents per share, on revenue of $4.95 billion. However, TJX Companies, Inc. also warned that the company would face tougher quarterly comparison as the year progresses.