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Ross Stores (ROST) Stock Gains in After-Hours Trading on Q2 Beat

NEW YORK (TheStreet) -- Shares of Ross Stores (ROST) were increasing in after-hours trading on Thursday after the company reported earnings and revenue that beat estimates for the 2016 second quarter.

The Dublin, CA-based discount retailer posted earnings of 71 cents per diluted share, higher than analysts' estimates of 67 cents per share.

Revenue in the quarter was $3.18 billion, up 7% year-over-year and higher than estimates of $3.13 billion.

Same-store sales increased 4% for the period.

The company...


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