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Ross Stores Inc. Reveals Gain In Q2 Earnings

Ross Stores Inc. (ROST) revealed earnings for its second quarter that increased from last year.

The company's earnings came in at $418.25 million, or $1.11 per share. This compares with $321.02 million, or $0.82 per share, in last year's second quarter.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $3.59 billion from $3.31 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q2): $418.25 Mln. vs. $321.02 Mln. last year.
-EPS (Q2): $1.11 vs. $0.82 last year.
-Analysts Estimate: $1.07
-Revenue (Q2): $3.59 Bln vs. $3.31 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.95 to $0.99
Full year EPS guidance: $3.92 to $4.05

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