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    Thursday, November 19, 2009

    Ross Stores Net Earnings Up 83%

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    By John Ittner
    MarketWatch Pulse
       

      NEW YORK -- Ross Stores Inc. said Thursday that third-quarter earnings were $105 million, or 84 cents a share, compared to $57 million, or 44 cents a share, in the same period a year ago. Sales rose 12% to $1.74 billion from $1.56 billion. Analysts polled by FactSet Research estimated, on average, earnings per share of 78 cents and sales of $1.74 billion. Ross sees fourth quarter earnings per share of 88 cents to 94 cents and full-year earnings of $3.27 to $3.33. FactSet analysts estimates for fourth-quarter earnings averaged 98 cents per share. For the full year FactSet sees $3.36 a share.

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