Ross Stores: revenues, profit was below expectations in Q1

Ross Stores: доходы, прибыль оказались ниже прогнозов в Q1

Company Ross Stores (NASDAQ:ROST) released on Thursday the results report in the first quarter that disappointed analysts. Income figure fell short of forecasts.

The company announced earnings per share of $ -0,29 $, income was 1.84 B $. Analysts polled, assumed in the projections that earnings per share will amount to of $ 0.18 and the total revenue of 2.37 B $ compared to earnings per share of 1.15 $ with a total revenue of 3.8 B $ in the same period a year earlier, the company reported earnings per share of 1.28 in the amount of $ with a total revenue of 4.41 B $ in the previous quarter.

Shares of Ross Stores lost of 2.05% was traded at the level of 95.00 $ in after market close, according to the report.

This year, the value of the shares of Ross Stores fell by 16%, showed results worse than the average according to the index, the S&P 500, falling 9% since the beginning of the year.

Company Ross Stores follows the General trend of companies in the sector of “Services” in this month

On 30 April, the company reported the first quarterly report of 5.01 $, profit was 75,45 B $, compared to forecasts of earnings per share in the amount of 6.16 $ at the total income 73,74 B $

A Visa revenues exceeded expectations of analysts in April 30 in the second quarter, quarterly earnings per share of 1.39 $ for a total profit of 5.85 B $ Analysts earlier it was predicted that earnings per share will amount to 1.34 $, with a total income of 5.72 B $

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