FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Wednesday reported fiscal first-quarter net income of $1.33 billion.
The Framingham, Massachusetts-based company said it had net income of $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The parent of T.J. Maxx, Marshalls and other stores posted revenue of $14.32 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $14 billion.
TJX expects full-year earnings to be $5.08 to $5.15 per share.
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