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TJX Reports 4Q Profit

Framingham-based discount retailer TJX Cos. is reporting a massive 47 percent increase in its fourth-quarter earnings, compared to a year ago.

TJX, the parent company of TJ Maxx and Marshalls, attributes part of the success to lower-than-expected costs from the breach of millions of customers' credit and debit card numbers, disclosed a year ago.

The company says its sales rose eight percent.

TJX stock was up about five percent on the news.

This program aired on February 21, 2008. The audio for this program is not available.

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