Ross Stores Reports Better-Than-Expected Q2 Results, Raises Guidance
Portfolio Pulse from Erica Kollmann
Ross Stores, Inc. (NASDAQ:ROST) reported better-than-expected Q2 results, with earnings of $1.59 per share and revenue of $5.29 billion, both surpassing analyst estimates. The company raised its fiscal year earnings guidance, leading to a 5.72% increase in its stock price.
August 22, 2024 | 9:06 pm
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Ross Stores reported strong Q2 earnings and revenue, both exceeding expectations. The company raised its fiscal year earnings guidance, leading to a significant after-hours stock price increase.
The better-than-expected earnings and revenue, along with the raised guidance, indicate strong financial performance and positive future outlook, which are likely to drive the stock price up in the short term.
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