BOSTON (Thomson Financial) - TJX Cos. Inc. Tuesday said second-quarter net
income rose to $200.2 million, or 45 cents a share, from $59 million, or 13
cents a share, in the year ago period.
Excluding charges, the company reported adjusted income of 47 cents a share,
topping the mean estimate of analysts polled by Thomson Reuters of 46 cents a
share.
Revenue for the Framingham, Mass.-based off-price retailer rose 7% to $4.62
billion from $4.31 billion a year earlier. Analysts, on average, had estimated
revenue of $4.61 billion.
For the third quarter, TJX Cos. forecasts profit of 59 cents to 62 cents a
share.
The company raised its fiscal 2009 earnings guidance to $2.26 to $2.31 a
share from a previous estimate of $2.20 to $2.25 a share.
Analysts, on average, predict third-quarter earnings of 62 cents a share and
2009 earnings of $2.28 a share.
The company's shares closed Monday at $37.
Casey Logan
cl/vj
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