T.J. Maxx, Marshalls Parent TJX Beats Earnings Forecasts; Stock Jumps

TJX (TJX), parent of T.J. Maxx, Marshalls and HomeGoods, turned in strong first-quarter results before the open Tuesday, and raised the low end of its full-year earnings guidance.

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Estimates: Earnings growth of 24% to $1.02 a share on 9% revenue growth to $8.5 billion. Same-store sales growth is expected to rise 2.5%, according to Consensus Metrix.

Results: EPS of $1.13 on revenue of $8.69 billion and same-store sales growth of 3%. Pretax profit margin widened to 11% from 10.7% a year...

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