ISSAQUAH (dpa-AFX) - Costco Wholesale Corporation (COST) released a profit for its second quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $1.79 billion, or $4.02 per share. This compares with $1.74 billion, or $3.92 per share, last year.
Analysts on average had expected the company to earn $4.11 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.1% to $62.530 billion from $57.331 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings: $1.79 Bln. vs. $1.74 Bln. last year. -EPS: $4.02 vs. $3.92 last year. -Revenue: $62.530 Bln vs. $57.331 Bln last year.
-Guidance: Full year EPS guidance: $3.94 - $4.02 Full year revenue guidance: $4.080 - $4.158 Bln
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