The TJX Companies Raises Second Quarter EPS Guidance; Q2 EPS $0.88-0.89 vs $0.87 Est

The TJX Companies, Inc. TJX expects for the second quarter of Fiscal 2012, the Company now expects diluted earnings per share to be $.88 - $.89, above its previously projected range, compared with $.74 per share last year on a GAAP basis. Prior year second quarter earnings per share included a $.01 positive impact from a reduction in the Company's provision related to the computer intrusion(s) that took place over four years ago. Excluding this item, the Company's new projected range for EPS would represent a 21% to 22% increase over the adjusted $.73 in the prior year.