Ross Stores saw earnings rise 23% in the second quarter thanks to a double digit rise in revenue. Ross, the discount retailer, raised its outlook for the year, now saying that it expects to earn $3.36 to $3.44 per share instead of the previously announced $3.26 to $3.27. Ross reported a profit of $182 million, or 81 cents a share for the second quarter. This is up from $148.3 million, or 64 cents a share, the year before. This rise in earnings was enough to combat an 11% increase in costs and expenses, which rose to $2.04 billion. On the news, Ross is trading up .47%. For more on the latest business news, follow us on Twitter @FNNOnline, or check out our website at fnno.com
