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Ross Stores beats Q1 earnings but withdraws 2026 forecasts, causing stock to plummet.
Ross Stores reported a strong first quarter, with earnings of $1.47 per share and revenue of $4.99 billion, both exceeding estimates.
However, the company unexpectedly withdrew its fiscal 2026 revenue and earnings forecasts, leading to a significant drop in its stock price.
Despite the earnings beat, same-store sales were flat compared to last year, and the company's outlook for the next quarter was below analyst expectations.
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Ross Stores supera las ganancias del primer trimestre, pero retira las previsiones para el 2026, lo que hace que las acciones caigan en picado.