DUBLIN, Calif. (AP) _ Ross Stores Inc. (ROST) on Tuesday reported fiscal fourth-quarter earnings of $456.1 million.
On a per-share basis, the Dublin, California-based company said it had net income of $1.28.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The discount retailer posted revenue of $4.41 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $4.37 billion.
For the year, the company reported profit of $1.66 billion, or $4.60 per share. Revenue was reported as $16.04 billion.
Ross Stores expects full-year earnings to be $4.67 to $4.88 per share.
Ross Stores shares have declined 6% since the beginning of the year, while the Standard & Poor's 500 index has declined 7%. In the final minutes of trading on Tuesday, shares hit $109.22, a climb of 17% in the last 12 months.