By  on August 17, 2010

Both Wal-Mart Stores Inc. and The TJX Cos. Inc. posted gains in second-quarter income, prompting them to raise third-quarter guidance.

At Wal-Mart, income for the three months ended July 31 rose 3.4 percent to $3.6 billion, or 97 cents a diluted share, from $3.48 billion, or 89 cents, in the year-ago quarter. Diluted earnings per share were one cent above the First Call consensus of 96 cents, and at the high end of the discounter’s guidance range of between 93 cents and 98 cents.

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