Ross Stores Surging On Improved Guidance (ROST)

Shares of Ross Stores ROST are up 7.5% on Thursday to $78.96, a new 52-week high. The company reported a 10% rise in April comparable store sales. Ross also increased its first quarter EPS guidance to $1.47 to $1.48 versus previous guidance of $1.27 to $1.32. Ross Stores, Inc. operates two chains of off-price retail apparel and home accessories stores.