Why Shares of The TJX Companies Are Up Today
Shares of off-price retailer The TJX Companies (NYSE: TJX) were trading higher on Thursday. The company reported a wider loss than expected, but said that it's already reopening its stores, and that it expects to bounce back well, later in 2020.
As of 2 p.m. EDT today, TJX's shares were up about 6.6% from Wednesday's closing price.
TJX's results from the quarter that ended on May 2 weren't good. The company lost $887 million in the quarter, or $0.74 per share, as revenue declined 52% from the year-ago period to $4.4 billion.
Source Fool.com
