TJX (TJX) Reports Mixed Q3 Results; Guides Q4, Raises FY10 Outlook; Sees $625M Buyback Next Year
The TJX Companies, Inc. (NYSE: TJX) reports Q3 EPS of $0.81, 1 cent better than the analyst estimate of $0.80. Revenue for the quarter was $5.2 billion, which compares to the estimate of $5.25 billion.
Sees Q4 adj-EPS of $0.65-$0.71, versus the consensus of $0.71. Sees same store sales growth of about 5-7% for the quarter.
For FY10, sees comps up about 5%. Also raises its FY10 EPS guidance from $2.46-$2.54 to $2.55-$2.61, versus the Street estimate of $2.59.
Expects to buyback about $625 million in stock next year.
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