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TJX ramps up outlook

Framingham, Mass. – On the heels of its third-quarter profit surge, TJX Companies has raised its outlook for the fourth quarter and the year.

The company now expects fourth-quarter earnings per share from continuing operations from 65 cents to 71 cents, with comp growth of 5% to 7%.

For the fiscal year, the company is projecting earnings per share from continuing operations of $2.55 to $2.61 compared to last year’s EPS of $2.08. Comps are anticipated to rise 5%.

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