Ross Stores Inc. Reveals 13% Gain In Q3 Profit

(RTTNews) - Ross Stores Inc. (ROST) reported earnings for its third quarter that increased from last year.

The company said its bottom line rose to $244.55 million, or $0.62 per share. This was up from $215.6 million, or $0.53 per share, in last year's third quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.2% to $3.09 billion. This was up from $2.78 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q3): $244.55 Mln. vs. $215.6 Mln. last year. -Earnings Growth (Y-o-Y): 13.4% -EPS (Q3): $0.62 vs. $0.53 last year. -EPS Growth (Y-o-Y): 17.0% -Analysts Estimate: $0.56 -Revenue (Q3): $3.09 Bln vs. $2.78 Bln last year. -Revenue Change (Y-o-Y): 11.2%

-Guidance: Next quarter EPS guidance: $0.72 - $0.75 Full year EPS guidance: $2.78 - $2.81