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Ross Stores: Fiscal 2Q Earnings Snapshot

DUBLIN, Calif. (AP) _ Ross Stores Inc. (ROST) on Thursday reported fiscal second-quarter earnings of $22 million.

The Dublin, California-based company said it had profit of 6 cents per share. Losses, adjusted for non-recurring gains, were 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The discount retailer posted revenue of $2.68 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.62 billion.

Ross Stores shares have fallen 25% since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 5%. In the final minutes of trading on Thursday, shares hit $87.60, a decline of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROST at https://www.zacks.com/ap/ROST