TJX's Profit Up 58% (TJX)

TJX (NYSE: TJX) has reported impressive Q4 results. Its fourth-quarter profit soared 58 percent. TJX recorded $5.9 billion in revenue, which is 10 percent above last year's figure. However, it missed the Street estimate of $6 billion. The company showed strong performance managing its inventory and margins.

TJX reported $395 million in Q4 profit, up from $250.7 million a year earlier. The company had earlier anticipated a per share profit of 90 cents to 91 cents. Its gross margins also improved from 22.5 percent to 26.6 percent. All its divisions posted positive same-store results, with Marmaxx leading the pack with 13 percent growth. Marmaxx includes T.J. Maxx and Marshalls. The company is expected to maintain its positive streak.