Ross Stores Raises Annual Profit Guidance
November 16 2017 - 5:07PM
Dow Jones News
Shares in Ross Stores (ROST) rise 7% to $70.35 in extended
trading after third-quarter results beat expectations and it raises
expectations for sales in the fourth quarter. Ross now forecasts
comparable sales for the 13 weeks ending Jan. 27 to increase 2% to
3%. Ross also projects fiscal 2017 earnings per share of $3.24 to
$3.28, up from its previous view of $3.16 to $3.23, which include a
roughly eight-cent benefit from an extra week this year.
(maria.armental@wsj.com; @mjarmental)
(END) Dow Jones Newswires
November 16, 2017 16:52 ET (21:52 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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