DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — Ross Stores Inc. (ROST) on Thursday reported fiscal first-quarter profit of $488 million.
On a per-share basis, the Dublin, California-based company said it had net income of $1.46.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The discount retailer posted revenue of $4.86 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.83 billion.
Ross Stores expects full-year earnings to be $5.79 to $5.98 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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