Ross Stores (NASDAQ:ROST) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.91 on revenue of $3.55B. Analysts polled by forecast EPS of $0.9 on revenue of $3.55B. That compared to EPS of $0.72 on revenue of $3.33B in the same period a year earlier. The company had reported EPS of $1.04 on revenue of $3.74B in the previous quarter.
For the year, Ross Stores shares are up 3.53%, outperforming the NASDAQ 100 which is up 1.51% year to date.
Ross Stores follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. analysts expected EPS of $6.85 on revenue of $52,109M
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