The Traderszone Network

Published in TZ Latest News 27 February, 2015 by The TZ Newswire Staff

Earnings Reports Spark New Highs

Earnings reports sparked some of Friday’s new highs, including a few in the rising consumer sector. Ross Stores (ROST) gapped up after the discount apparel retailer beat expectations with its fourth-quarter results, reported late Thursday. Same-store sales jumped 6% for the quarter, topping the company’s forecast. Ross also cited improved operating margins. The stock jumped 6.76, or 7%, to 105.81 in more than triple its usual volume.

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