Shares of The TJX Companies, Inc. (NYSE:TJX) are moving higher after the company this morning reported higher than estimated same store sales for the month of January 2011.
The company said that its comparable store sales grew 2%, way ahead of analysts estimates of 0.30%.
Total revenue during the latest month grew 8% to $1.35 billion.
The company projects to earn 97 cents and $1.01 a share on an adjusted basis in its fourth-quarter. For the full-year, it sees to earn slightly above the high end of its $3.41 to $3.45 per share guidance.
Analysts, currently targets the company to earn 98 cents a share in fourth-quarter and full-year earnings of $3.44 per share.
The company is all set to report its fourth quarter results on Feb. 23.
Shares of TJX are up 5.10% to $49.53 after climbing to its life-time high of $49.83 earlier in the session.
The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates in five business segments: three in the United States and one in each of Canada and Europe.
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