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Ross Stores: Fiscal Q1 Earnings Snapshot

DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — Ross Stores Inc. (ROST) on Thursday reported fiscal first-quarter profit of $650 million.

The Dublin, California-based company said it had profit of $2.02 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The discount retailer posted revenue of $6.01 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $5.62 billion.

Ross Stores expects full-year earnings to be $7.50 to $7.74 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROST at https://www.zacks.com/ap/ROST

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