Late Market Update (TJX, LEE, WHR)

TJX Companies Inc TJX has decided to open six Marshalls stores in Canada in 2011. The company is likely to open more stores going ahead. The locations for the stores will be announced at a later date by the company. TJX’s Chief Executive Carol Meyrowitz said, "This is another example of our emphasis on international expansion, and we believe that Marshalls will be extremely well received in Canada. Ultimately, we estimate the Canadian market can support 90-100 stores." Shares of Lee Enterprises LEE plunged more than 4.5% even though the company swung to a FQ3 net income of $0.22 per share from a loss of $0.55 per share in the year-ago period. The company’s revenue declined by 3.6% to $196.4 million. Shares of Whirlpool Corp WHR moved down about 4.5% after the company posted a two-fold increase in its Q2 net income. The company also reported an 8.8% rise in its Q2 revenue. WHR has projected its earnings for the full year in the range of $9 to $9.50 per share, up from the earlier projection of $8 to $8.50 per share. Read more from Benzinga's Markets.