Market Focus

TJX Companies

The bargain-hungry consumer helped TJX Companies post strong results. The parent of chains like T.J. Maxx and Marshalls reported a rise in quarterly sales as more customers visited its stores and the company expanded offerings. TJX also hiked its full-year profit and same-store sales forecast. Shares rose almost three percent to $69.19.

Red Robin

Red Robin also impressing investors with its results. The burger chain saw earnings rise almost 40 percent. On that, the company raised the lower end of its guidance for sales. Shares surged more than 15 percent to $84.14.

Dick’s Sporting Goods

Dick’s Sporting Goods posted earnings that beat estimates, while revenue was in line. But same-store sales rose less than expected. The athletic gear seller did hike the lower end of its full year earnings guidance. Still, the stock was off five percent to $53.43.

Etsy

Etsy delivered a big loss in its first report since going public. The online craft marketplace’s bottom line results were well below estimates, while revenue was in line with consensus. Shares were down as much as 19 percent in after-hours trading. Before the close, shares were up two percent to $21.

Johnson & Johnson

The Food and Drug Administration approved Johnson & Johnson’s latest schizophrenia treatment. The drug maker says the medication is the longest dosing interval available for patients with the condition. Shares were a fraction higher to close the day at $103.96.

Computer Sciences

Computer Sciences announced plans to split into two. The company says it will separate its government focused business from its commercial-information technology unit into two publicly traded firms. It also reported earnings that slipped in its most recent quarter. Shares popped on the split following the closing bell. The stock was off slightly in regular trading to close at $67.66.

This entry was posted in Market Focus. Bookmark the permalink.

Leave a Reply