ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter profit of $2.61 billion.
The Issaquah, Washington-based company said it had profit of $5.87 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $5.81 per share.
The warehouse club operator posted revenue of $86.16 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $86.18 billion.
For the year, the company reported profit of $8.1 billion, or $18.21 per share. Revenue was reported as $275.24 billion.
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