TJX posts 2Q profit, results beat Wall Street forecasts

Markets Associated Press

The TJX Cos. (TJX) on Tuesday reported fiscal second-quarter earnings of $549.3 million.

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The Framingham, Massachusetts-based company said it had profit of 80 cents per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $7.36 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $7.27 billion.

TJX expects full-year earnings to be $3.24 to $3.28 per share.

TJX shares have climbed slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent. The stock has climbed 35 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TJX at http://www.zacks.com/ap/TJX

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Keywords: TJX, Earnings Report