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TJX Stock Is Rising. An Earnings Beat Trumped Soft Guidance.
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For the quarter ended Feb. 1, TJX reported earnings per share of $1.23, topping analyst estimates for $1.16, according to FactSet. Revenue was flat from a year ago at $16.4 billion, which was ahead of expectations for $16.2 billion. “Our fourth-quarter sales, profitability, and earnings per share were all well above our expectations,” said CEO Ernie Herrman in the earnings release.
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