Costco posts higher first quarter revenue, profit helped by holiday demand
Trending Articles- Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gains
- Bitcoin's 2025 Gains Erased: Who Ended the BTC Bull Market?
- Gold Price Forecast: XAU/USD declines below $4,050 on USD strength and hawkish Fed comments
- U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?
- Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP report
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifies
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.
Read more
* 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.
