ISSAQUAH (dpa-AFX) - Costco Wholesale Corporation (COST) reported earnings for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $1.68 billion, or $3.78 per share. This compares with $1.30 billion, or $2.93 per share, in last year's third quarter.
Analysts on average had expected the company to earn $3.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.1% to $58.52 billion from $53.65 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $1.68 Bln. vs. $1.30 Bln. last year. -EPS (Q3): $3.78 vs. $2.93 last year. -Revenue (Q3): $58.52 Bln vs. $53.65 Bln last year.
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