Ross Stores stock is tumbling Thursday after the company reported another set of lacklustre retail earnings.
Results were mixed against expectations as profits came in right in line at $0.73 per share. Sales were light both in total, at $3.09 billion versus $3.12 billion expected, and comparable store sales growth, 2% versus projections of 2.4%.
In response to the news, the stock dropped nearly 10% in after-hours trading but has since bounced back and is down a little less than 7% as of 4:12 p.m. ET.
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