US Stock Market Move | Ross Stores, Inc. (ROST.US) soared more than 3% in pre-market trading, with Q3 same-store sales surging 7%, far exceeding expectations.

On Friday, Ross Stores, Inc. (ROST.US) rose more than 3% in pre-market trading, reaching $165.52. The financial report shows that Ross Stores, Inc. achieved sales of $5.6 billion in the third quarter, surpassing market expectations of $5.42 billion. Comparable store sales in the quarter increased by 7%, far exceeding market expectations of 3.3%. The quarterly operating profit margin reached 11.6%, higher than the market expectation of 10.6%. Net profit was $512 million ($1.58 per share), compared to $489 million ($1.48 per share) in the same period last year, with market expectations of $1.41 per share. For the fourth quarter, Ross Stores, Inc. expects earnings per share to be between $1.77 and $1.85, higher than the previous estimate of $1.74 to $1.81; at the same time, it raised its holiday season comparable store sales growth expectations from the original 2%-3% to 3%-4%. Looking ahead, the company currently expects annual earnings per share to be in the range of $6.38 to $6.46, higher than the previous expectation of $6.08 to $6.21.