posted better-than-expected earnings for the latest third quarter, citing "extremely successful results" in new store openings.
The operator of Marshalls and T.J. Maxx stores, which is based in Framingham, Mass., reported net income of $158.3 million, or 56 cents a diluted share, compared with $151.7 million, or 48 cents a share, in the year-ago period. Analysts expected the company to earn 55 cents a share in the quarter, according to
First Call/Thomson Financial
Sales rose 10% to $2.46 billion from $2.24 billion, and same-store sales increased 3% in the quarter, compared with a 5% increase in the same period a year ago.
Shares of TJX were recently trading down 75 cents, or 2.7%, to $27.38 on the
New York Stock Exchange