TJX Companies Q4 Results Beat View; Plans Dividend Increase; Share Buyback

Off-price retailer TJX Companies, Inc. on Wednesday reported a nearly 3 percent increase in profit for the fourth quarter from last year, reflecting higher sales and customer traffic. Both revenue and earnings per share for the quarter beat analysts' expectations. Looking ahead, the company forecast earnings for the first quarter and fiscal 2017 below the Street estimates.

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