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Costco Wholesale Corp
COST reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday.
Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion. Costco's comparable sales increased 12%, or 7% excluding the positive impact from strengthening foreign currencies and inflation in gasoline prices. The latest quarter earnings included $0.07 per share of charges. However, analysts were expecting earnings of $0.77 per share on revenue of $20.14 billion.
Costco shares fell 0.21% to $81.18 in after-hours trading.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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