The parent company of T.J. Maxx and Marshalls saw quarterly net income rise 14 percent as shoppers flocked to its stores for discounted designer goods and other wares. TJX Cos. beat expectations and boosted its profit outlook for the year. TJX is one of just a few retailers to post strong results for the latest quarter. It earned $479.6 million, or 66 cents per share, up from $421.1 million, or 56 cents, a year earlier. Revenue rose 8 percent to $6.44 billion. For the year, TJX now expects profit of $2.74 to $2.80 per share; it previously forecast $2.70 to $2.78. Full story for BostonGlobe.com subscribers.
This is a summary. To read the whole story subscribe to BostonGlobe.com
© Copyright 2014 Globe Newspaper Company.
Get the full story with unlimited access to BostonGlobe.com. Just 99¢ for 4 weeks.