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Benzinga
Benzinga
Business
Wayne Duggan

4 Ross Analysts React To Q1 Earnings Miss, Guidance Cut, Execution Missteps

Ross Nasdaq Ross Stores ROST Dana Telsey Lorraine Hutchinson Simeon Siegel Bank of America BMO Capital Markets Telsey Advisory Group

Shares of Ross Stores, Inc. (NASDAQ:ROST) dropped 23.9% on Friday after the company became the latest retail stock to disappoint the market with its first-quarter numbers.

On Thursday, Ross reported first-quarter adjusted EPS of 97 cents on revenue of $4.33 billion. Both numbers missed consensus analyst estimates of $1 and $4.53 billion, respectively. Revenue was down 4.2% from a year ago.

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