Ross Stores, Inc. (ROST) Reports In-Line Q2 EPS, Raises FY11 Guidance

Ross Stores, Inc. (NASDAQ: ROST) reported Q2 EPS of $1.28, in-line with the analyst estimate of $1.28. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $2.08 billion.

For the third quarter Ross Stores is projecting same store sales to increase 1% to 2% and earnings per share of $1.00 to $1.04.

For the fourth quarter Ross Stores is estimating a 2% to 3% increase in comparable store sales and earnings per share of $1.53 to $1.59.

Earnings per share for the 2011 2011 are now projected to be $5.29 to $5.39, up from its previous guidance of $5.16 to $5.31.

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