Yahoo Finance Live anchor Seana Smith checks out several trending stocks making moves in after-hours trading.
Ross Stores (ROST) delivered earnings and revenue surprises of 13.27% and 0.32%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?
DUBLIN, Calif., August 18, 2022--Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million. These results compare to $1.39 per share on net earnings of $494 million for the 13 weeks ended July 31, 2021. Sales for the second quarter of 2022 were $4.6 billion versus $4.8 billion in the prior year period. Comparable store sales were down 7% on top of a robust 15% gain in the second quarter of 2021, which was the st