Ross Stores Gains After Q4 Double Beat And Upbeat Outlook

Ross Stores, Inc. (NASDAQ:ROST) shares are trading higher Wednesday after the company reported better-than-expected fourth-quarter financial results and issued first-quarter GAAP earnings per share guidance with its midpoint above estimates on Tuesday after the market closed.Ross stock is approaching key resistance levels. What’s behind ROST new highs?Q4 Results Top EstimatesRoss reported earnings per share of $2.00, beating the consensus estimate of $1.89. Revenue totaled $6.63 billion, beating the consens ...