Ross Stores Shares Advance 5% as Retailer Tops Earnings and Raises Forecast

Ross Stores Inc. (NASDAQ:ROST) saw its shares rise 5% intra-day on Friday after the off-price retailer reported better-than-expected third-quarter results and raised its full-year outlook. Strong comparable sales and disciplined cost control supported the company’s performance ahead of the holiday season. Ross posted earnings per share of $1.58, topping analyst expectations of $1.41 and up from $1.48 a year earlier. Revenue grew 10% year over year to $5.6 billion, beating the $5.42 billion consensus, driven ...