TJX Companies shares edged up in pre-market trade after the company reported better-than-expected fiscal Q2 results. For the quarter ended July 29, the retailer earned $0.85 per share, a penny better than the Capital IQ consensus estimate, and up from $0.84 in the same quarter last year.
Total revenue of $8.36 billion increased from $7.88 billion last year, beating the estimated $8.29 billion. For Q3, earnings are expected to be between $0.98 to $1.00 per share, at and below the $1.00 estimate. For FY18, earnings are now projected to be between $3.89 to $3.93 per share, up from previously $3.82 to $3.89. On an adjusted basis, the company expects EPS of $3.78 to $3.82. Analysts are expecting FY GAAP EPS of $3.88.