TJX Companies Inc. (TJX: Quote) reported a 10% increase in comparable store sales for the five-week period ended March 31, 2012. The company also increased its first quarter EPS forecast to between $0.51 and $0.52, from previous expectations of $0.45 to $0.47. TJX expects to report full year 2013 EPS of $2.25 to $2.35. The consensus estimates are for EPS of $0.48 and $2.32 respectively.
TJX Companies gapped open higher Thursday and has continued to rise in early trade. Shares are now up 0.94 at $40.30. The stock has been climbing for the last 2 1/2 months and has set a new high for the year.
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by RTT Staff Writer
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