FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Wednesday reported fiscal first-quarter profit of $891 million.
The Framingham, Massachusetts-based company said it had profit of 76 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The parent of T.J. Maxx, Marshalls and other stores posted revenue of $11.78 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $11.82 billion.
TJX expects full-year earnings in the range of $3.39 to $3.48 per share.
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