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Investing.com – Ross Stores (NASDAQ:) reported on Thursday first quarter 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 18% from the beginning of the year, still down 27.27% from its 52 week high of $127.45 set on July 7, 2021. They are outperforming the Nasdaq which is down 27.21% from the start of the year.
Ross Stores shares lost 12.62% in after-hours trade following the report.
Ross Stores’s report follows an earnings missed by Amazon.com on April 28, 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 April 20 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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