TJX Companies reported 2nd quarter EPS of $0.73, inline with consensus estimates.
Revenues in the quarter rose 6.7% to $5.07 billion, but came in short of consensus estimates of $5.11 billion.
The company boosted its FY 2011 EPS outlook to $3.27 - $3.37, vs. consensus estimates of $3.37.
Chief Executive Carol Meyrowitz said,
"We will be spending a larger portion of our marketing dollars in the second half of the year, when we face very challenging year-over-year comparisons."
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