Ross Stores: Fiscal 3Q Earnings Snapshot
DUBLIN, Calif. (AP) _ Ross Stores Inc. (ROST) on Tuesday reported fiscal third-quarter earnings of $338.1 million.
On a per-share basis, the Dublin, California-based company said it had net income of 91 cents.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The discount retailer posted revenue of $3.55 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $3.56 billion.
Ross Stores expects full-year earnings to be $4.15 to $4.20 per share.
Ross Stores shares have climbed 14 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 percent. The stock has risen 26 percent in the last 12 months.