Ross Stores Fiscal Q2 Earnings, Revenue Rise; Shares Gain After Hours
MT Newswires Live
Aug 21
Ross Stores (ROST) reported fiscal Q2 earnings late Thursday of $2.66 per diluted share, up from $1.56 a year earlier.
Analysts polled by FactSet expected $1.95.
Revenue in the three months ended Aug. 1 rose to $6.26 billion from $5.53 billion a year earlier.
Analysts projected $6.16 billion.
The company expects fiscal Q3 EPS of $1.75 to $1.83. Analysts project $1.75.
Ross Stores expects fiscal Q4 EPS of $2.17 to $2.26. Analysts project $2.14.
The company lifted full-year EPS guidance to $8.61 to $8.77 from the prior forecast of $7.50 to $7.74. Analysts project $7.89.
Ross Stores shares rose 4.7% in after-hours trading.
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