Ross Stores: Fiscal Q4 Earnings Snapshot

Associated Press Finance
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DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — Ross Stores Inc. (ROST) on Tuesday reported fiscal fourth-quarter earnings of $609.7 million.

The Dublin, California-based company said it had profit of $1.82 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The discount retailer posted revenue of $6.02 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $5.78 billion.

For the year, the company reported profit of $1.87 billion, or $5.56 per share. Revenue was reported as $20.38 billion.

Ross Stores expects full-year earnings to be $5.64 to $5.89 per share.

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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

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