Ross Stores Inc. Reports 9% Rise In Q2 Bottom Line

(RTTNews) - Ross Stores Inc. (ROST) reported earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line advanced to $281.91 million, or $0.71 per share. This was up from $258.64 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $3.18 billion. This was up from $2.97 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q2): $281.91 Mln. vs. $258.64 Mln. last year. -Earnings Growth (Y-o-Y): 9.0% -EPS (Q2): $0.71 vs. $0.63 last year. -EPS Growth (Y-o-Y): 12.7% -Analysts Estimate: $0.67 -Revenue (Q2): $3.18 Bln vs. $2.97 Bln last year. -Revenue Change (Y-o-Y): 7.1%

-Guidance: Next quarter EPS guidance: $0.52 - $0.55 Full year EPS guidance: $2.69 - $2.75