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FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Wednesday reported fiscal fourth-quarter profit of $1.4 billion.
On a per-share basis, the Framingham, Massachusetts-based company said it had net income of $1.23.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The parent of T.J. Maxx, Marshalls and other stores posted revenue of $16.35 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $16.19 billion.
For the year, the company reported profit of $4.86 billion, or $4.26 per share. Revenue was reported as $56.36 billion.
TJX expects full-year earnings to be $4.34 to $4.43 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TJX at https://www.zacks.com/ap/TJX