ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal second-quarter profit of $2.04 billion.
On a per-share basis, the Issaquah, Washington-based company said it had profit of $4.58.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $4.55 per share.
The warehouse club operator posted revenue of $69.6 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $69.24 billion.
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