TJX 4th-quarter profit falls partly on charge

TJX Cos. said that its fiscal fourth-quarter profit fell 17 percent partly because of the stronger dollar and charge for a security breach, but adjusted results still managed to top analysts' estimates.

The Framingham-based operator of T.J. Maxx, Marshalls, HomeGoods, and other chains, said net income dropped to $250.7 million, or 58 cents per share, from $301.1 million, or 66 cents per share, a year earlier.

Excluding a charge related to the security breach, adjusted earnings from continuing operations were 55 cents per share, which was above the retailer's forecast for 50 cents to 51 cents per share.

TJX Cos. says revenue dipped 0.2 percent to $5.38 billion from $5.39 billion, while same-store sales edged down 2 percent.

Analysts polled by Thomson Reuters had predicted profit of 51 cents per share on revenue of $5.4 billion.

To read the company's press release, please click here. (AP)