TJX: Fiscal 2Q Earnings Snapshot

The TJX Cos. (TJX) on Tuesday reported fiscal second-quarter net income of $739.6 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had profit of $1.17.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $9.33 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $9.03 billion.

For the current quarter ending in November, TJX expects its per-share earnings to range from $1 to $1.02. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.24.

The company expects full-year earnings in the range of $4.10 to $4.14 per share.

TJX shares have increased 33 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 7 percent. The stock has climbed 44 percent in the last 12 months.

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