Investing.com - Ross Stores (NASDAQ:ROST) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ross Stores announced earnings per share of $-0.29 on revenue of $1.84B. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $2.37B. That with comparison to EPS of $1.15 on revenue of $3.8B in the same period a year before.Ross Stores had reported EPS of $1.28 on revenue of $4.41B in the previous quarter.Analysts are expecting EPS of $0.48 and revenue of $2.85B in the upcoming quarter.
Ross Stores shares are down 16% from the beginning of the year and are trading at $95.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.1% year to date.
Ross Stores shares lost 2.05% in after-hours trade following the report.
Ross Stores follows other major Services sector earnings this month
Ross Stores's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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