Ross Stores Inc. Q3 Income Advances 12%

(RTTNews) - Ross Stores Inc. (ROST) released earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $215.66 million, or $0.53 per share. This was up from $192.72 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $2.78 billion. This was up from $2.60 billion last year.

Ross Stores Inc. earnings at a glance:

-Earnings (Q3): $215.66 Mln. vs. $192.72 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q3): $0.53 vs. $0.46 last year. -EPS Growth (Y-o-Y): 15.2% -Analysts Estimate: $0.50 -Revenue (Q3): $2.78 Bln vs. $2.60 Bln last year. -Revenue Change (Y-o-Y): 6.9%

-Guidance: Next quarter EPS guidance: $0.60 - $0.63 Full year EPS guidance: $2.45 - $2.48