Clothing retailer TJX adjusted profit beats estimates

Tue Nov 19, 2013 8:50am EST

Nov 19 (Reuters) - TJX Cos Inc's adjusted profit beat analysts' estimates for the second straight quarter as more value-conscious shoppers visited its stores for low-priced apparels.

Net income rose to $623 million, or 86 cents per share, in the third quarter, from $462 million, or 62 cents per share, a year earlier.

Revenue increased 9 percent to $7 billion, while same-store sales rose 5 percent.

On an adjusted basis, the company earned 75 cents per share, beating analysts' average estimate by a cent, according to Thomson Reuters I/B/E/S.

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