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TJX: Fiscal 1Q Earnings Snapshot

TJX: Fiscal 1Q Earnings Snapshot

Associated Press

FRAMINGHAM, Mass. (AP) _ The TJX Cos. (TJX) on Tuesday reported fiscal first-quarter earnings of $700.2 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had net income of 57 cents.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The parent of T.J. Maxx, Marshalls and other stores posted revenue of $9.28 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $9.19 billion.

TJX expects full-year earnings to be $2.56 to $2.61 per share.

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TJX shares have risen 19% since the beginning of the year, while the Standard & Poor's 500 index has risen 13%. The stock has climbed 25% 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 https://www.zacks.com/ap/TJX