Investing.com - Ross Stores (NASDAQ:ROST) reported on Tuesday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Ross Stores announced earnings per share of $1.26 on revenue of $4.41B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $4.36B. That with comparison to EPS of $1.2 on revenue of $4.11B in the same period a year before.Ross Stores had reported EPS of $1.03 on revenue of $3.85B in the previous quarter.Analysts are expecting EPS of $1.25 and revenue of $4.05B in the upcoming quarter.
Ross Stores shares are down 6.1% from the beginning of the year and are trading at $109.32 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.47% year to date.
Ross Stores follows other major Services sector earnings this month
Ross Stores's report follows an earnings beat by Alibaba ADR on Thursday, February 13, 2020, who reported EPS of $18.19 on revenue of $161.46B, compared to forecasts EPS of $15.91 on revenue of $159.7B.
Walmart had missed expectations on Tuesday, February 18, 2020 with fourth quarter EPS of $1.38 on revenue of $141.7B, compared to forecast for EPS of $1.44 on revenue of $142.54B.
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