DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — Ross Stores Inc. (ROST) on Tuesday reported fiscal fourth-quarter earnings of $645.9 million.
The Dublin, California-based company said it had net income of $2 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The discount retailer posted revenue of $6.64 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $6.4 billion.
For the year, the company reported profit of $2.15 billion, or $6.61 per share. Revenue was reported as $22.75 billion.
Ross Stores expects full-year earnings to be $7.02 to $7.36 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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