TJX (TJX) Tops Q1 Views; Guides Q2, Raises FY11 EPS Outlook

TJX (NYSE: TJX) reports Q1 EPS of $0.80, 2 cents better than the analyst estimate of $0.78. Revenue for the quarter was $5 billion, which compares to the estimate of $4.95 billion.

Same store sales were up 9% for the quarter.

Sees Q2 EPS of $0.67-$0.72, versus the consensus of $0.72. Comps expected to be up 2-4%.

Raises its FY11 EPS guidance from $3.17-$3.31 to $3.21-$3.32, which compares to the Street estimate of $3.35. Comps expected to be up 2-3%.

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