5 Companies Making Headlines on Earnings Reports

In this article, we discuss the 5 companies making headlines on earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Companies Making Headlines on Earnings Reports.

5. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 56

Shares of The TJX Companies, Inc. (NYSE:TJX) rose over seven percent on Wednesday, May 18, 2022, despite posting mixed financial performance for its fiscal first quarter. The off-price retailer reported adjusted earnings of 68 cents per share, topping estimates of 61 cents per share.

Revenue for the quarter advanced 13 percent on a year-over-year basis to $11.41 billion, while analysts were expecting The TJX Companies, Inc. (NYSE:TJX) to generate revenue of $11.61 billion.

Looking forward, The TJX Companies, Inc. (NYSE:TJX) expects adjusted earnings in the range of $3.13 – $3.20 per share for its fiscal year 2023. However, the midpoint of the outlook missed the consensus of $3.15 per share.

Speaking on the results, CEO Ernie Herrman said:

“We believe our value proposition is as appealing as ever for consumers in today’s retail environment, and we are excited about our initiatives to drive customer traffic and sales. We remain focused on our long-term vision to become an increasingly profitable, $60-billion-plus company.”