ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter profit of $2.35 billion.
The Issaquah, Washington-based company said it had net income of $5.29 per share. Earnings, adjusted for pretax gains, came to $5.15 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $5.05 per share.
The warehouse club operator posted revenue of $79.7 billion in the period, missing Street forecasts. Twelve analysts surveyed by Zacks expected $79.75 billion.
For the year, the company reported profit of $7.37 billion, or $16.56 per share. Revenue was reported as $254.45 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST
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