Costco Earnings Cheat Sheet: Profit and Revenues Bulkier

S&P 500 (NYSE:SPY) component Costco Wholesale Corporation (NASDAQ:COST) reported its results for the third quarter. Costco Wholesale operates membership warehouses that offer a selection of nationally branded and selected private-label products in categories such as food, appliances, and sporting goods, at low prices.

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Costco Wholesale Corporation Earnings Cheat Sheet

Results: Net income for Costco Wholesale Corporation rose to $386 million (88 cents per share) vs. $324 million (73 cents per share) in the same quarter a year earlier. This marks a rise of 19.1% from the year-earlier quarter.

Revenue: Rose 8.2% to $21.85 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Costco Wholesale Corporation beat the mean analyst estimate of 87 cents per share. Analysts were expecting revenue of $22.11 billion.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 13.2% and in the first quarter, the figure rose 2.6%.

The company has beaten estiamtes for two quarters in a row. In the second quarter, it topped expectations with net income of 90 cents versus a mean estimate of net income of 88 cents per share.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from $1.28 a share to $1.29 over the last ninety days. For the fiscal year, the average estimate has moved down from $3.85 a share to $3.84 over the last sixty days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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