Ross Stores Q2 Profit Tops View; Lifts FY13 EPS Outlook - Quick Facts

(RTTNews) - Ross Stores Inc. (ROST) Thursday reported second-quarter net earnings of $213.12 million or $0.98 per share, compared to $182.02 million or $0.81 per share last year. On average, 30 analysts polled by Thomson Reuters expected the company to earn $0.93 per share. Analysts' estimates typically exclude special items.

Second-quarter sales increased 9 percent to $2.55 billion from $2.34 billion last year, while 27 analysts expected revenues of 2.52 billion for the quarter.

Looking forward to the third quarter, Ross Stores expects earnings of $0.75 to $0.78 per share. Analysts currently estimate earnings of $0.79 per share for the quarter.

For the full year, the company now project earnings of $3.80 to $3.87 per share, up from its prior guidance of $3.70 to $3.81 per share. Analysts currently estimate earnings of $3.89 per share for the full year.