Dillard's, Saks swing to Q3 profits; TJX earnings soar

TJX raised its EPS guidance range of 65 cents to 71 cents per share for the fourth quarter, and to $2.55 to $2.61 per share for the full year.

Dillard's said it earned $8 million, or 11 cents per share, compared with a loss of $56 million, or 76 cents per share, a year ago, due to lower expenses and a tax benefit. Sales declined 9.9% from a year ago to $1.36 billion. The Little Rock, Ark.-based company also noted that year-ago results included hefty store closing charges and hurricane-related expenses.

Saks' earnings of a penny per share came as a surprise; analysts had expected a loss of 11 cents per share. Revenues fell 8.5% from a year ago to $631.4 million, topping the consensus estimate of $624.4 million. Saks also said same-store sales slipped 10.1% in the third quarter.

While the New York-based company said business trends are improving, it also warned that it remains cautious.

Tuesday, Dillard's shares climbed $1.18, or 8.9%, to close at $14.51, while Saks shares rose 26 cents, or 4.1%, to $6.67. TJX, on the other hand, slipped 1.5%, or 61 cents, to close at $38.91.

Visit AOL Money & Finance for more earnings coverage.