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NEW YORK - TJX Cos., the Framingham, Mass., operator of discount department stores recently said adjusted earnings from continuing operations would likely fall below its previous guidance of 55 cents to 58 cents in a tough consumer spending climate.
| TJX | 21.71 |  0 |
Buckingham Research Group analyst David J. Glick affirmed a "Neutral" rating on TJX, saying it will likely struggle to grow sales.
The operator of T.J. Maxx and Marshalls off-price stores last Thursday reported lower October same-store sales, or sales in stores open at least a year, partly due to a stronger dollar, which hurt international revenue. The metric is considered an important gauge of a retailer's health.
Analysts surveyed by Thomson Reuters expect the company to report a profit from continuing operations of 54 cents per, down a penny per share from a year ago.
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