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Ross Stores Reports Strong Earnings, Joins Buckle, Twist Bioscience And Other Big Stocks Moving Higher On Friday

Benzinga ·  11/18/2023 00:02

U.S. stocks traded mostly lower, with the Dow Jones falling over 20 points on Friday. Shares of Ross Stores, Inc. (NASDAQ:ROST) surged during Friday's session as the company reported upbeat results for its third quarter and raised FY23 earnings guidance. Ross Stores reported quarterly earnings of $1.33 per share, surpassing estimates of $1.21, representing a 33% increase over earnings of $1.00 per share from the same period last year. Revenue clocked in at $4.92 billion, above the analyst consensus estimate of $4.82 billion, according to data from Benzinga Pro. The company raised its full-year 2023 earnings per share outlook from between $5.15 and $5.26 to between $5.30 and

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