Ross Stores Inc. Reveals 3% Rise In Q1 Bottom Line

(RTTNews) - Ross Stores Inc. (ROST) reported a profit for its first quarter that rose from last year.

The company said its bottom line rose to $290.63 million, or $0.73 per share. This was higher than $282.21 million, or $0.69 per share, in last year's first quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.1% to $3.09 billion. This was up from $2.94 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q1): $290.63 Mln. vs. $282.21 Mln. last year. -Earnings Growth (Y-o-Y): 3.0% -EPS (Q1): $0.73 vs. $0.69 last year. -EPS Growth (Y-o-Y): 5.8% -Analysts Estimate: $0.73 -Revenue (Q1): $3.09 Bln vs. $2.94 Bln last year. -Revenue Change (Y-o-Y): 5.1%

-Guidance: Next quarter EPS guidance: $0.64 - $0.67 Full year EPS guidance: $2.63 - $2.72