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Costco: Fiscal Q4 Earnings Snapshot
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ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter net income of $3 billion.

The Issaquah, Washington-based company said it had net income of $6.75 per share. Earnings, adjusted for non-recurring gains, came to $6.60 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.48 per share.

The warehouse club operator posted revenue of $95.72 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $94.82 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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