Reuters: Hot Stocks: T.J. Maxx parent TJX profit rises 14 pct

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

50% off Print Subscription of USA Today Get the news delivered to your doorstep. Lock in the savings and receive USA Today for just $0.75 a day. From our sponsors

T.J. Maxx parent TJX profit rises 14 pct Aug 20th 2013, 12:40 Tue Aug 20, 2013 8:40am EDT Aug 20 (Reuters) - TJX Cos Inc, the owner of the low-price T.J. Maxx and Marshalls chains, reported a 14 percent rise in second-quarter profit, helped by demand from price-conscious shoppers. TJX shares rose 4 percent to $52.74 in premarket trading. The company's net income rose to $479.6 million, or 66 cents per share, in the quarter ended Aug. 3, from $421 million, or 56 cents per share, a year earlier. Net sales rose 8 percent to $6.4 billion. Comparable-store sales rose 4 percent in the quarter, topping analysts' expectation of an increase of 3 percent, according to Thomson Reuters I/B/E/S. (Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions