ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

COST Costco Wholesale Corporation

755.539
11.64 (1.56%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Costco Wholesale Corporation NASDAQ:COST NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.64 1.56% 755.539 755.50 756.14 756.94 746.48 749.80 1,773,300 00:56:48

Costco Beats 3Q Profit, Revenue Expectations

27/05/2021 10:02pm

Dow Jones News


Costco Wholesale (NASDAQ:COST)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Costco Wholesale Charts.
   By Micah Maidenberg 
 

Costco Wholesale Corp. said revenue increased during its latest quarter as the U.S. economy began to rev up with more people etting vaccinated against Covid 19.

The Issaquah, Wash.-based company on Thursday reported a profit of $1.22 billion for its third quarter. That was up from $838 million during the year-earlier quarter and beat the $1.01 billion in net income that analysts were looking for, according to FactSet.

Earnings rose to $2.75 a share from $1.89 a share.

Costco said it generated $45.28 billion in revenue for its third quarter that ended May 9, up almost 22% from the same period last year.

Analysts had predicted the club-store chain would report $43.65 billion for the latest quarter.

Consumer spending has climbed this spring, with demand supported by households that saved funds during pandemic-related lockdowns and consumers who received stimulus checks from the federal government.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

May 27, 2021 16:49 ET (20:49 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Costco Wholesale Chart

1 Year Costco Wholesale Chart

1 Month Costco Wholesale Chart

1 Month Costco Wholesale Chart

Your Recent History

Delayed Upgrade Clock