VNET - Ross Stores Reports Strong Earnings Joins Buckle Twist Bioscience And Other Big Stocks Moving Higher On Friday | Benzinga
U.S. stocks traded mostly lower, with the Dow Jones falling over 20 points on Friday.
Shares of Ross Stores, Inc. (NASDAQ: ROST) surged during Friday’s session as the company reported upbeat results for its third quarter and raised FY23 earnings guidance.
Ross Stores reported quarterly earnings of $1.33 per share, surpassing estimates of $1.21, representing a 33% increase over earnings of $1.00 per share from the same period last year. Revenue clocked in at $4.92 billion, above the analyst consensus estimate of $4.82 billion, according to data from Benzinga Pro.
The company raised its full-year 2023 earnings per share outlook from between $5.15 and $5.26 to between $5.30 and $5.36.
Ross Stores shares climbed 8.8% to $130.67 on Friday.
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