Why Ross Stores, Inc. Stock Popped Today

Shares of clothing retailer Ross Stores (NASDAQ: ROST) jumped as much as 26.6% on Friday, but the stock is up 9.1% at the time of this writing.

Bullish sentiment from the Street toward Ross follows the company's solid third-quarter results, which featured better-than-expected revenue and earnings per share (EPS).

Ross's third-quarter net sales were $3.3 billion, up 8% year over year. EPS was $0.72, up 16% from the year-ago quarter. On average, analysts were expecting revenue and EPS of about $3.26 billion and $0.67, respectively.

Source: Fool.com