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TJX Stock Down on Outlook Despite Q2 Beat

NEW YORK (TheStreet) -- Shares of TJX Cos. (TJX) were falling in pre-market trading on Tuesday after projecting current-quarter and fiscal 2017 earnings below analysts' expectations.

Before the market open, the Framingham, MA-based off-price retailer lifted its forecast for fiscal 2017 adjusted earnings to between $3.39 and $3.43 per share, up from $3.35 to $3.42 per share. But analysts surveyed by Thomson Reuters are looking for earnings of $3.48 per share.

TJX expects to report...