Investing.com - Ross Stores (NASDAQ:ROST) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ross Stores announced earnings per share of $-0.13 on revenue of $2.68B. Analysts polled by Investing.com anticipated EPS of $-0.28 on revenue of $2.46B.
Ross Stores shares are down 24% from the beginning of the year and are trading at $87.55 , down-from-52-week-high.They are under-performing the Nasdaq which is up 25.55% from the start of the year.
Ross Stores follows other major Services sector earnings this month
Ross Stores's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
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