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Ross Stores Sinks Following First-Quarter Revenue Miss

Tony Owusu

were down 2.15% to $92.47 Friday following first-quarter revenue that missed Wall Street estimates. The retailer reported earnings of $421.1 million, or $1.13 per share, topping analysts' estimates by 1 cent. Revenue for the period of $3.8 billion, however, fell short of analysts' $3.81 billion estimates. "For the first quarter, we delivered sales gains at the high end of our guidance as well as better-than-expected earnings per share growth despite continued underperformance in Ladies apparel," CEO Barbara Rentler said.