DUBLIN, Calif. (AP) 鈥� DUBLIN, Calif. (AP) 鈥� Ross Stores Inc. (ROST) on Thursday reported fiscal first-quarter profit of $650 million.
The Dublin, California-based company said it had profit of $2.02 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The discount retailer posted revenue of $6.01 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $5.62 billion.
Ross Stores expects full-year earnings to be $7.50 to $7.74 per share.
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