(Boursier.com) — Ross Stores jumped 16% before the opening on Wall Street on Friday. The American discount distribution group published yesterday evening, for its third fiscal quarter, profits and sales above market expectations. The group posted adjusted earnings per share of $1, compared to a market consensus of 81 cents and a level of $1.09 a year earlier. Revenues stood at $4.6 billion in the quarter ended in October, against $4.57 billion a year earlier and $4.36 billion consensus. Forecasts are also solid for the end-of-year holiday season, with management citing a more favorable basis for comparison and better selection. The profit guidance for the year is revised upwards. Barbara Rentler, CEO of the deal, says she now expects the discount clothing and home decor chain to post earnings per share of $4.21 to $4.34, down from earlier guidance. from $3.84 to $4.12.
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