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Monday, October 19, 2009
TJX Sees Quarterly Profit Topping Analyst Views
By Wallace Witkowski
MarketWatch Pulse
SAN FRANCISCO -- TJX Cos. said late Monday that it sees third-quarter earnings from continuing operations of 77 cents to 79 cents a share. Analysts surveyed by FactSet Research estimate 71 cents a share. The retailer also expects October same-store sales to rise 9% to 11%. TJX expects a full-year profit of $2.46 to $2.54 a share, compared with $2.48 estimated by analysts. Shares of TJX rose 1.7% to $39.73 in after-hours activity.
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