FX.co ★ Ross Stores Inc. Reports Rise In Q4 Income, Beats estimates

Ross Stores Inc. recently announced an increase in their fourth quarter earnings when compared to the previous year, surpassing the predictions of Wall Street.

The firm recorded a bottom line of $609.68 million or $1.82 per share, a significant increase from last year's fourth quarter earnings of $447.04 million or $1.31 per share.

According to data compiled by Thomson Reuters, industry analysts had predicted the company's earnings to be around $1.65 per share, a figure which typically excludes any special items.

Moreover, the company's revenue for this quarter saw a rise of 15.5%, going from $5.21 billion last year to the current $6.02 billion.

Examining the GAAP earnings of Ross Stores Inc., they disclosed:

- Earnings for Q4 at $609.68 million, up from last year's $447.04 million.

- EPS for Q4 at $1.82, compared to $1.31 the prior year.

- Revenue for Q4 at $6.02 billion, a rise from $5.21 billion the year before.

In terms of guidance, the company anticipates the EPS for the next quarter to be within the range of $1.29 to $1.35.