FX.co ★ The TJX Companies, Inc. Q1 Income Advances, Beats Estimates

The TJX Companies, Inc. (TJX) announced its first-quarter profit, which showed a significant increase from the previous year and surpassed Wall Street expectations.

The company reported a net income of $1.07 billion, or $0.93 per share, compared to $891 million, or $0.76 per share, in the same period last year.

According to Thomson Reuters, analysts had projected an average earnings of $0.87 per share, typically excluding any special items.

Revenue for the quarter increased by 5.9%, reaching $12.48 billion from $11.78 billion in the prior year.

Key financial highlights for The TJX Companies, Inc. (GAAP):

- Earnings (Q1): $1.07 billion vs. $891 million last year

- EPS (Q1): $0.93 vs. $0.76 last year

- Revenue (Q1): $12.48 billion vs. $11.78 billion last year

Guidance:

- Next quarter EPS guidance: $0.88 to $0.90

- Full-year EPS guidance: $4.03 to $4.09