ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal third-quarter profit of $1.3 billion.
The Issaquah, Washington-based company said it had profit of $2.93 per share. Earnings, adjusted for non-recurring costs, came to $3.43 per share.
The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $3.32 per share.
The warehouse club operator posted revenue of $53.65 billion in the period, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $54.57 billion.
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