Ross Stores Inc. (ROST) has reported an upward trajectory in its third-quarter earnings, surpassing both last year's performance and analyst predictions.
For this quarter, the company posted a net income of $488.81 million, translating to earnings of $1.48 per share. This marks an improvement from the previous year's $447.33 million and $1.33 per share during the same period.
According to Thomson Reuters, industry analysts had anticipated earnings of $1.40 per share, which generally do not consider special items in their estimates.
This quarter also saw a revenue increase of 3.0%, reaching $5.071 billion, up from $4.924 billion in the prior year.
A brief overview of Ross Stores Inc.'s earnings under GAAP for the third quarter is as follows:
- Earnings: $488.81 million, compared to $447.33 million last year.
- Earnings per Share (EPS): $1.48, up from $1.33 last year.
- Revenue: $5.071 billion, an increase from last year's $4.924 billion.
**Forecast**: For the upcoming quarter, EPS is projected in the range of $1.57 to $1.64. For the full fiscal year, EPS is anticipated between $6.10 and $6.17.
