DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — Ross Stores Inc. (ROST) on Thursday reported fiscal first-quarter net income of $479.2 million.
The Dublin, California-based company said it had net income of $1.47 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The discount retailer posted revenue of $4.98 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $4.97 billion.
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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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