Costco: Fiscal 4Q Earnings Snapshot
ISSAQUAH, Wash. (AP) _ Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter profit of $1.04 billion.
The Issaquah, Washington-based company said it had profit of $2.36 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The warehouse club operator posted revenue of $44.41 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $44.4 billion.
For the year, the company reported profit of $3.13 billion, or $7.09 per share. Revenue was reported as $141.58 billion.
Costco shares have climbed 24 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 8.5 percent. In the final minutes of trading on Thursday, shares hit $231.68, a rise of 40 percent in the last 12 months.