Costco posts higher first quarter revenue, profit helped by holiday demand

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com -- Costco Wholesale Corp (NASDAQ:COST) reported higher quarterly revenue and better-than-expected profit on Thursday, as budget-conscious consumers turned to its warehouses for low-priced groceries and discretionary items.

The company’s shares were up nearly 1% at $997 in extended trading.

Total   (EPA:TTEF) revenue rose nearly 7% to $62.15 billion for the quarter ended November 24. Analysts were estimating it be at $62.33 billion.

However, Costco’s profit stood out, with earnings per share at $4.04, surpassing market expectations of $3.78. Higher than $3.58, reported a year back. 

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Asian stocks climbed following record highs with gains led by Taiwan and AustraliaOn Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
Author  Cryptopolitan
14 hours ago
On Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
placeholder
Meta continued effort to increase its workforce with AI experts from AppleMeta has brought two important AI experts from Apple after luring away their manager. 
Author  Cryptopolitan
20 hours ago
Meta has brought two important AI experts from Apple after luring away their manager. 
placeholder
Baidu's Stocks Surge in US and Hong Kong as Apollo Go Teams Up with Uber for Global ExpansionChinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber.
Author  TradingKey
Jul 16, Wed
Chinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber.
placeholder
S&P 500 hits a new all time of 6,300 for the first time everThe S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board.
Author  Cryptopolitan
Jul 15, Tue
The S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board.
placeholder
Coinbase Stock Hits Record High — Market Cap Tops $100 Billion for First TimeOn Monday, July 14, shares of Coinbase (COIN) surged nearly 2%, reaching an intraday high of $398.50, marking a new all-time high.
Author  TradingKey
Jul 15, Tue
On Monday, July 14, shares of Coinbase (COIN) surged nearly 2%, reaching an intraday high of $398.50, marking a new all-time high.