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Ross Stores Stock Climbs in After-Hours Trading as Q3 Results Top Expectations

Shares of Ross Stores (ROST) rose 4% to $68.15 in after-hours trading on Thursday after the off-price retailer posted better-than-anticipated results for the 2016 third quarter and gave a cautious outlook for the holiday season.

The Dublin, CA-based company said that concerns about the macro-economic, political and retail environments could lead it to sell more goods at a discount in the fourth quarter than they would like. The retailer also said it faces "challenging multi-year sales comparisons" as...