Ross Stores Earnings, Revenue Miss in Q1
2022.05.19 23:16
Ross Stores Earnings, Revenue Miss in Q1
Investing.com – Ross Stores (NASDAQ:ROST) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Ross Stores announced earnings per share of $0.97 on revenue of $4.33B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $4.53B.
Ross Stores shares are down 18% from the beginning of the year, still down 27.27% from its 52 week high of $127.45 set on July 7, 2021. They are outperforming the Nasdaq which is down 27.21% from the start of the year.
Ross Stores shares lost 12.62% 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 April 28, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
