Costco: Fiscal Q4 Earnings Snapshot
By AP News
Published - Sep 26, 2024, 04:26 PM ET
Last Updated - Dec 16, 2024, 06:52 PM EST
ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter profit of $2.35 billion.
The Issaquah, Washington-based company said it had net income of $5.29 per share. Earnings, adjusted for pretax gains, came to $5.15 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $5.05 per share.
The warehouse club operator posted revenue of $79.7 billion in the period, missing Street forecasts. Twelve analysts surveyed by Zacks expected $79.75 billion.
