$Ross Stores (ROST.US)$ gained more than 5% after hours Thursday after the retailer reported earnings that surpassed expectations, but revenue that fell short.

ROST rose 5.6% to $151 shortly before 4:30 p.m. ET after saying that Q3 earnings per share (EPS) came in at $1.48, exceeding the analyst consensus estimate of $1.40 by 5.71%. That also reflected an 11.28% increase compared to $1.33 per share from the same period last year.

However, quarterly revenue totaled $5.07 billion, missing the analyst consensus estimate of $5.15 billion by 1.45%. Despite the miss, this represents a 2.97% increase from $4.92 billion in the same quarter last year.

Barbara Rentler, Ross CEO, issued guidance saying that “for the 13 weeks ending Feb. 1, 2025, we continue to project comparable store sales to increase 2% to 3%. Earnings per share for the fourth quarter are planned to be in the range of $1.57 to $1.64, compared to $1.82 for the 14 weeks ended February 3, 2024. This guidance range includes an unfavorable impact of approximately $0.03 per share primarily from the timing of packaway-related expenses that benefited the third quarter.

"Based on our year-to-date results and fourth quarter forecast, earnings per share for the 52 weeks ending Feb. 1, 2025 are now expected to be in the range of $6.10 to $6.17 versus $5.56 last year," the CEO said. "As a reminder, both the 2023 fourth quarter and full year results included an approximate $0.20 earnings per share benefit from the 53rd week.”