DUBLIN, Calif. (AP) _ Ross Stores Inc. (ROST) on Thursday reported fiscal second-quarter earnings of $389.4 million.
The Dublin, California-based company said it had net income of $1.04 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The discount retailer posted revenue of $3.74 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $3.66 billion.
Ross Stores expects full-year earnings to be $4.01 to $4.10 per share.
Ross Stores shares have increased 18 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 7 percent. In the final minutes of trading on Thursday, shares hit $94.98, a climb of 61 percent in the last 12 months.