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PLEASANTON, Calif. (AP) - Ross Stores Inc., an apparel retailer, on Thursday raised its earnings outlook for the quarter ending May 3 because of stronger margins and favorable expense trends.
| ROST | 38 |  0.92 |
Ross Stores also will get an earnings boost of 2 cents per share from a real estate settlement.
The company now expects to earn between 59 and 60 cents per share during the quarter ending May 3. It previously anticipated earnings between 56 cents and 58 cents per share.
Analysts polled by Thomson Financial, on average, forecast earnings of 57 cents per share for the quarter.
Ross Stores earned 48 cents per share during the comparable quarter last year.
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