Plus   Neg

Ross Stores Inc. Profit Drops In Q3

Ross Stores Inc. (ROST) revealed earnings for third quarter that fell from the same period last year.

The company's bottom line totaled $131.20 million, or $0.37 per share. This compares with $370.93 million, or $1.03 per share, in last year's third quarter.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.6% to $3.75 billion from $3.85 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q3): $131.20 Mln. vs. $370.93 Mln. last year.
-EPS (Q3): $0.37 vs. $1.03 last year.
-Analysts Estimate: $0.61
-Revenue (Q3): $3.75 Bln vs. $3.85 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT