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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 12, 2023
Page
8
TJX Cos. reports second quarter results before markets open with analysts forecasting 76 cents per share on $12.4 billion in sales for the Massachusetts company operator of T J Maxx and Marshalls. The prior year period beat estimates.
Walmart reports its second quarter results before the bell. Wall Street forecasts $1.69 earnings per share on about $159.8 billion in sales. The Arkansas based retailer saw strong first quarter demand as low prices drew budget shoppers amid high inflation, prompting a raised full year outlook. Shares have risen over 13 percent this year.
Investors remain unsure about September action as markets digest potential rate moves and economic signals. Analysts flag cautious sentiment and hesitation ahead of key data releases.
Stocks finished another volatile session with mixed results and a second straight weekly loss. Investors scanned inflation and consumer sentiment reports for signals on the Federal Reserve while News Corp shares fell despite beating earnings.
Events wrap a busy week in Lawrence with art and crafts at 646 Vermont St from 4 to 7 p.m. featuring locally created art and Lawrence souvenirs as the Lawrence Barn Dance Association hosts a barn dance at Lied Center Pavilion with a beginner lesson at 7 p.m. and dance 7:30 to 10 p.m. Sunday Repair Studio at 707 Vermont St runs 2 to 4 p.m. The Raven Book Store hosts August Poetry Night at 7 p.m. with Melissa Fite Johnson and Lynne Jensen Lampe.
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