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Ross Stores: Fiscal 4Q Earnings Snapshot

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.


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