Ross Stores Q3 profit rises, tops estimate by a penny; cuts Q4, FY08 EPS outlook - Update
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RTTNews ]
19/11/08 , 22:56 /
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Off-price retail chain Ross Stores, Inc. announced Wednesday morning that profit for the third quarter increased from last year, benefiting from higher margins and a 6% sales growth. Additionally, inventory and expense management positively impacted results. Comparable store sales were even with last year. Earnings per share increased 22% and topped analysts' expectations by a penny, while quarterly revenues rose, yet missed consensus estimate.
