Costco Wholesale Corporation Financial Results Improve in First Quarter, Beat Estimates

ISSAQUAH (dpa-AFX) – Costco Wholesale Corporation (COST) reported first-quarter profit, up from the same period last year and above Street estimates.

The company’s net income was $1.798 billion, or $4.04 per share. That compares to $1.589 billion, or $3.58 per share, in the first quarter of last year.

Analysts on average expected a profit of $3.80 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter increased 7.5% to $62.151 billion, compared to $57.799 billion last year.

Costco Wholesale Corporation (GAAP) Earnings Overview:

-Profits (Q1): $1.798 billion. against 1.589 billion dollars. last year. -EPS (Q1): $4.04 versus $3.58 last year. -Revenues (Q1): $62.151 billion versus $57.799 billion last year.