TJX Companies Inc. (TJX) reported that its third-quarter net earnings were $347.80 million or $0.81 per share, compared to $235.85 million or $0.54 per share in the same quarter last year.
Net income from continuing operations for the third quarter was $348 million, and diluted earnings per share from continuing operations were $0.81, up 40% over $0.58 on a reported basis last year, despite the adverse impact of foreign exchange rates and a non-operating item on year-over-year comparisons. Analysts polled by Thomson Reuters expected the company to report earnings of $0.80 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $5.24 billion, compared to $4.76 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $5.25 billion for the quarter.
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