Profit Ross Stores Inc. grew in the third quarter, beating estimates

PLEASANTON (dpa-AFX) – Ross Stores Inc. (ROST) reported third-quarter earnings that rose year-over-year and beat Street estimates.

The company’s profit was $488.81 million, or $1.48 per share. That compares with $447.33 million, or $1.33 per share, in the third quarter last year.

Analysts on average expected the company to earn $1.40 per share, according to Thomson Reuters. Analyst estimates typically exclude special items.

The company’s revenue for the quarter rose 3.0% to $5.071 billion from $4.924 billion last year.

Ross Stores Inc. Earnings at a Glance (GAAP):

-Profit (3rd quarter): $488.81 million versus $447.33 million last year. -EPS (3rd quarter): $1.48 vs. $1.33 last year. -Revenue (Q3): $5.071 billion versus $4.924 billion last year.

-Management: EPS forecast for next quarter: $1.57 to $1.64. Full-year EPS forecast: $6.10 to $6.17.

Profit Ross Stores Inc. grew in the third quarter, beating estimates

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