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Ross Stores: Fiscal 2Q Earnings Snapshot

August 22, 2019

DUBLIN, Calif. (AP) _ Ross Stores Inc. (ROST) on Thursday reported fiscal second-quarter net income of $412.7 million.

The Dublin, California-based company said it had net income of $1.14 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The discount retailer posted revenue of $3.98 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $3.97 billion.

Ross Stores expects full-year earnings to be $4.41 to $4.50 per share.

Ross Stores shares have climbed 30% since the beginning of the year, while the Standard & Poor’s 500 index has risen 17%. In the final minutes of trading on Thursday, shares hit $107.86, a rise of 15% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROST at https://www.zacks.com/ap/ROST

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