Ross Stores Earnings Beat, Revenue Misses In Q2
2022.08.18 23:22
Ross Stores Earnings Beat, Revenue Misses In Q2
Investing.com – Ross Stores (NASDAQ:ROST) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Ross Stores announced earnings per share of $1.11 on revenue of $4.58B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $4.63B.
Ross Stores shares are down 19% from the beginning of the year, still down 27.48% from its 52 week high of $126.86 set on August 19, 2021. They are under-performing the Nasdaq 100 which is down 17.24% from the start of the year.
Ross Stores shares lost 0.95% in after-hours trade following the report.
Ross Stores follows other major Consumer Discretionary sector earnings this month
Ross Stores’s report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
