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.