TJX Companies: Profit Jump Ignites Buying Frenzy Under High Volume

The U.S. retailer significantly exceeds market expectations for earnings per share in the first quarter, triggering a wave of follow-up purchases. A robust influx of customers in the Smart Shopping segment strengthens the long-term future prospects of the world's leading off-price retailer. The raised earnings target for the full year and a massive share buyback program underpin the significant increase in trading volume. TJX Companies operates as the undisputed global number one in the off-price retail segment for clothing and home goods....