Investing.com - Ross Stores (NASDAQ:ROST) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.03 on revenue of $3.85B. Analysts polled by Investing.com forecast EPS of $0.97 on revenue of $3.77B. That compared to EPS of $0.91 on revenue of $3.55B in the same period a year earlier. The company had reported EPS of $1.14 on revenue of $3.98B in the previous quarter.
Ross Stores shares gained 2.85% to trade at $115.00 in after-hours trade following the report.
For the year, Ross Stores shares are up 34.39%, outperforming the Nasdaq which is up 30.73% year to date.
Ross Stores follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Alibaba ADR earnings beat analyst's expectations on Friday, November 1, 2019, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B
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