Investing.com - Ross Stores (NASDAQ:ROST) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ross Stores announced earnings per share of $1.04 on revenue of $5.02B. Analysts polled by Investing.com anticipated EPS of $0.9595 on revenue of $4.95B.
Ross Stores shares are down 21% from the beginning of the year, still down 33.25% from its 52 week high of $134.16 set on May 10, 2021. They are under-performing the Nasdaq which is down 13.5% from the start of the year.
Ross Stores follows other major Consumer Discretionary sector earnings this month
Ross Stores's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on February 22 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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