TJX Q3 profit rises, forecasts falls short

Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended Oct. 27 rose to $461.5 million, from $406.5 million last year.



Sales rose 10.7% to $6.41 billion; same-store sales climbed 7%.



The parent to T.J. Maxx and Marshalls said it expects same-store sales during the holiday quarter to be flat to up 2%.