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New York, NY -- (SBWIRE) -- 03/22/2013 -- StockRunway.com issues special report on the Trending Stocks in News – Ross Stores, Inc (NASDAQ:ROST), KB Home (NYSE:KBH)
Ross Stores, Inc (NASDAQ:ROST) announced fiscal Q4 earnings moved up 23%, matching the high end of its outlook, as the company’s margins also hiked.
The off-price apparel and home-fashion retailer buys merchandise from department stores and sells it at a discount.
What was the Moving Force behind ROST On Bullish Run? Read This Research Report on ROST
Ross Stores declared a profit of $236.6 million or $1.07 per share for the three months period finished February 2, high from $192 million or 85 cents per share in previous year. In February,the Pleasanton, California based company had lifted its EPS forecast by a penny to the range of $1.06 to $1.07.
Operating margin hiked to 13.6% from 12.9%, partly because of a 65% decline in interest expense.Ross Stores recently announced that sales moved up 15% to $2.76 billion as similar store sales hiked 5%. The most recent period comprised an additional week of sales.
KB Home (NYSE:KBH) announced a smaller-than-forecasted loss in fiscal first-quarter and a boost in new home orders.The fifth-largest U.S. homebuilder&aposs net loss narrowed to $12.46 million or 16 cents a share for the three months period finished February 28 from $45.8 million or 59 cents a share in previous year.
For How Long KBH will Fight for Profitability? Read This Trend Analysis report
Thomson Reutersanalysts survey on average forecasted a loss of 22 cents a share. Quarterly net orders moved up 40% to 1,671 homes. The homebuilder raised around $330 million through a stock and debt offering in this year earlier.
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