Ross Stores Inc reports results for the quarter ended April 30 - Earnings Summary
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Ross Stores Inc reported adjusted earnings of $1.47 per share for the quarter ended April 30, surpassing last year's $1.46 and analysts' expectations of $1.44. Revenue increased by 2.6% to $4.98 billion, slightly above the expected $4.97 billion. The company’s net income was $479.25 million. Shares rose 19.5% this quarter, with a current average analyst rating of "buy". The median 12-month price target is $156.50.
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