TJX Companies Inc. (TJX) reported first quarter adjusted EPS of $0.55 Tuesday morning, up from $0.39 in the previous year. The consensus estimate was for EPS of $0.54. Second quarter EPS is expected to be between $0.47 and $0.50, compared to the consensus estimate of $0.51. For fiscal 2013, TJX raised its adjusted earnings outlook to a range of $2.27 to $2.37 per share from the prior range of $2.26 to $2.36 per share. The consensus estimate is for EPS of $2.39.
TJX Companies climbed sharply during the first half hour of trade Tuesday, but settled into a range for the remainder of the session. Shares finished up by 2.75 at $42.45 on the highest volume of the year. The stock closed challenging the upper end of a one-month range at the highs of the year.
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