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Latest Business News

TJX 4Q Profit Falls

Wednesday, February 21, 2007 11:21:27 AM

FRAMINGHAM, Mass. (AP) - Discount apparel store operator TJX Cos. on Wednesday said fiscal fourth-quarter net income fell 29 percent, weighed by a charge from closing 34 A.J. Wright Stores.

Earnings totaled $205.5 million, or 43 cents per share, for the quarter ended Jan. 27, down from $288.7 million, or 60 cents per share, during the same period a year before.

Results from the latest quarter include a charge of a penny per share from a computer security breach and an 8 cents per share charge related to closing 34 A.J. Wright Stores. Excluding those charges, earnings were 52 cents per share.


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