Investing.com - Ross Stores (NASDAQ:ROST) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ross Stores announced earnings per share of $0.97 on revenue of $4.33B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $4.53B.
Ross Stores shares are down 29% from the beginning of the year and are trading at $76.53 , down-from-52-week-high.They are under-performing the Nasdaq which is down 27.21% from the start of the year.
Ross Stores shares lost 17.44% in after-hours trade the report.
Ross Stores follows other major Consumer Discretionary sector earnings this month
Ross Stores's report follows an earnings missed by Amazon.com on Thursday, April 28, 2022, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
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