ISSAQUAH (dpa-AFX) - Costco Wholesale Corporation (COST) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $2.35 billion, or $5.29 per share. This compares with $2.16 billion, or $4.86 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $5.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.0% to $79.697 billion from $78.919 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $2.35 Bln. vs. $2.16 Bln. last year. -EPS (Q4): $5.29 vs. $4.86 last year. -Revenue (Q4): $79.697 Bln vs. $78.919 Bln last year.
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