ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal first-quarter earnings of $1.8 billion.
On a per-share basis, the Issaquah, Washington-based company said it had net income of $4.04. Earnings, adjusted for pretax gains, came to $3.82 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.
The warehouse club operator posted revenue of $62.15 billion in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $62.05 billion.
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