Ross Stores (NASDAQ) reported Thursday’s first quarter results that were below analysts’ expectations and that revenue was lower than expected.

Ross Stores reported earnings per share at $0.97 for revenue of $4.33B. Investing.com polled analyst to predict EPS at $1.02 on revenues of $4.53B.

Ross Stores shares have fallen 18% since the start of the year. However, they are still 27.27% below their 52-week high of $127.45 on July 7, 2021. They outperform the Nasdaq, which has fallen 27.21% since the beginning of the year.

Ross Stores stock lost 12.62% after hours trades following the news.

Ross Stores is following other large Consumer Discretionary Sector earnings this month

Ross Stores reported on the earnings of Amazon.com, who on April 28 missed their estimates and reported an EPS figure of $-7.56 for revenue revenue $116.44B. This compares to an expected EPS number of $8.35 for revenue $116.45B.

Tesla exceeded expectations in April 20, posting a first quarter EPS (EPS) of $3.22 on revenues of $18.76B. This compares to a forecast of EPS (2.26 for revenue $17.87B).

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar