Ross Stores (NASDAQ:ROST) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.13 on revenue of $3.79B. Analysts polled by expected EPS of $1.12 on revenue of $3.79B. That compared to EPS of $1.11 on revenue of $3.59B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $4.11B in the previous quarter.
Ross Stores shares lost 3.29% to trade at $91.40 in after-hours trade following the report.
Ross Stores follows other major Services sector earnings this month
On April 25, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.7B.
Alibaba ADR earnings beat analysts' expectations on May 15, with fourth quarter EPS of $8.57 on revenue of $93.5B. analysts expected EPS of $6.56 on revenue of $91.54B
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